NCSHA Comments on HOME Investment Partnerships Program: Program Updates and Streamlining Proposed Rule
On July 29, 2024, NCSHA submitted comments to the U.S. Department of Housing and Urban Development on the proposed rule on the HOME Investment Partnerships Program. The proposed rule would streamline and update HOME through significant revisions to the community housing development organization (CHDO) requirements, a change in the approach to HOME rents, simplified requirements for small-scale rental projects, enhanced flexibility in HOME tenant-based rental assistance (โTBRAโ) programs, and simplified provisions and new flexibilities for community land trusts (CLTs) among other changes.
In its comments, NCSHA expressed strong support for provisions to the rule to align HOME rent limit requirements with those of other housing resources with which HOME is often used and for the establishment of model resale formulas to offer clarity for participating jurisdictions seeking to utilize the resale option for homeownership.
