1. HUD Update: HOME and HTF September 14, 2016

2. HOME Budget FY 17 Administration Request - $950m
New Legislative Proposals in Budget:
Eliminate 24-month commitment deadline
Eliminate 15% CHDO set-aside
House and Senate marks - $950 million

3. Commitment Deadline Elimination
Deadline no longer necessary because 2013 Rule established new deadlines for:
Project completion within 4 years
Rental unit occupancy within 18 months
Sale of homebuyer units within 9 months
FY 2002 and later HOME funds expire
Feinstein-Portman Amdt would suspend commitment (not CHDO) deadlines occurring during 2016, 2017, 2018, and 2019

4. Elimination of CHDO Set-Aside
Average HOME Cost per CHDO Unit is $57,618
$57,618 is 15% of $384,120
166 of 584 (28%) Local PJs’ FY 16 HOME Allocations < $384,120
Smaller HOME allocations means “effective” CHDO set-aside for 28% of local PJs is greater than 15%

5. Commitment Deobligations
HOME Program Deobligations Requirement Years 2008 – 2013 ( Deadlines)
Commitment Deobligations
CHDO Deobligations
Total
Grant Year
Deadline Year
Amount #
2008
2010
$3,891,323 13
$609,297 9
$4,500,620 22
2009
2011
$3,766,926 14
$1,071,152
$4,838,076 23
2012
$13,440,789 42
$2,659,866 15
$16,100,653 57
2013
$18,194,994 47
$774,985 8
$18,969,979 55
2014
$12,297,439 27
$1,185,801
$13,329,652
2015
$16,031,044 37
$4,014,221 17
$20,045,265 54
TOTALS
$67,622,515
180
$10,315,321 73
$77,937,836
253

6. HOME Deobligations 2008-2013 Grant Years
Commitment Deobligations
CHDO Deobligations
Total
Grant
Year
Deadline Year
Amount #
2008
2010
$3,891,323 13
$609,297 9
$4,500,620 22
2009
2011
$3,766,925 14
$1,071,151
$4,838,076 23
2012
$13,440,788 42
$2,659,865 15
$16,100,653 57
2013
$18,194,994 47
$774,985 8
$18,969,979 55
2014
$12,226,365 26
$1,103,287
$13,329,652 40
2013*
2015*
$16,031,044 37
$4,014,221 17
$20,045,265 54
TOTALS
$67,551,439
179
$10,232,806 72
$77,784,245
251

7. HOME Program CHDO Deobligations
Requirement Years 2008 – 2013
( Deadlines)

8. Grant Specific Commitments
Interim rule to be published in October
Grant-specific method for determining commitments and 15% CHDO set-aside for FY 15 and subsequent grants
Funds uncommitted after deadline cannot be recommitted
Program income, recaptured and repaid funds will be addressed
Other changes

9. HOME Guidance and Training
CPD 16-15: Cost Allocation/Identifying HOME-Assisted Units in Multi-Unit HOME Development Projects; webinar planned
CPD-15-11: Developing and Implementing HOME Underwriting & Subsidy Layering Guidelines; webinar posted
CPD-15-09: Requirements for Committing HOME Funds; webinar posted
Building HOME Web-Based Training – last 2016 delivery underway
Rental Development Training (Chicago, March 16-17)
PJs, state recipients, and subrecipients
limited spaces still available; register at HUD Exchange

10. Housing Trust Fund HTF Allocation Plans due by August 16th
50 Grantees submitted plans
2 plans have been approved, grants pending
6 Grantees received waivers establishing alternate deadlines
HTF IDIS module went live in late July

11. Housing Trust Fund
Rents, income limits, and homeownership value limits published
CPD – HTF Environmental Provisions
Webinar: September 20th, Registration Open
Additional FAQs under development
Beginning work on TA product on rental affordability for ELI households

12. Questions?