HOME Coalition Comments on HUD HOME Investment Partnerships Program: Program Updates and Streamlining Proposed Rule
On July 29, 2024, the HOME Coalition, led by NCSHA, sent a letter 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 (TBRA) programs, and simplified provisions and new flexibilities for community land trusts (CLTs) among other changes.
The HOME Coalition expressed satisfaction with the number of regulatory recommendations previously submitted by members of the HOME Coalition in a letter dated August 25, 2022. The comments were generally supportive of the proposed rule with a note that there is further room for improvement.
