Home program subsidy layering

These specific requirements described below are in the Rule, and apply to projects with HOME funds committed on or after August 23, HUD also plans to issue additional guidance in this area. These guidelines must state how the PJ will:. Exceptions to the above. The subsidy layering and underwriting requirements do not apply as follows:.

Is underwriting required for both homebuyer and rental activities? These guidelines must state how the PJ will: Examine the sources and uses of funds for the project to determine that the costs are reasonable to provide quality affordable housing throughout the affordability period. The level of review in the market assessment may vary, depending on project scale and complexity.

You are commenting using your WordPress. You are commenting using your Google account. You are commenting using your Twitter account. You are commenting using your Facebook account. Notify me of new comments via email. Notify me of new posts via email. Share this: Twitter Facebook LinkedIn. Like this: Like Loading Leave a Reply Cancel reply Enter your comment here Fill in your details below or click an icon to log in:. Email required Address never made public. Name required. Follow Following.