HOME Investment HOME Investment Partnerships ProgramPartnerships Program

OVERVIEW - TOPICSOVERVIEW - TOPICS

FY 2008 HOME BudgetFY 2008 HOME Budget Performance Measurement Performance Measurement American Dream Downpayment Initiative - American Dream Downpayment Initiative -

UpdateUpdate Legislative AgendaLegislative Agenda Regulatory Agenda Regulatory Agenda Technical Assistance and TrainingTechnical Assistance and Training

FY 2008 HOME BudgetFY 2008 HOME Budget

HouseHouse SenateSenate OmnibusOmnibus

HOME (including HOME (including set-asides)set-asides)

$1,757$1,757 $1,970$1,970 $1,704$1,704

ADDIADDI 00 25.025.0 10.010.0

T.AT.A 9.99.9 15.015.0 12.512.5

CounselingCounseling 41.641.6 150.0150.0 50.050.0

W.C.F.W.C.F. 1.01.0 3.53.5 3.53.5

SubtotalSubtotal 52.552.5 193.5193.5 76.076.0

HOME ALONE!HOME ALONE! $1,704.5$1,704.5 $1,776.5$1,776.5 $1,628.0$1,628.0

HOME ProgramHOME Program - Proposed FY2009 Budget - - Proposed FY2009 Budget -

Performance Measurement Performance Measurement

HOME GPRA Accomplishments in FY HOME GPRA Accomplishments in FY

2007 (as of 9/30/07):2007 (as of 9/30/07): Homebuyer assistance: 34,985 (116% of Homebuyer assistance: 34,985 (116% of

target);target); Rental production: 46,211 (152% of Rental production: 46,211 (152% of

target)target)

ADDI UpdateADDI Update

As of 12/31/07:As of 12/31/07: A total of $213 million out of $260 million A total of $213 million out of $260 million

has been expended (82%);has been expended (82%); A total of 27,745 homebuyers have been A total of 27,745 homebuyers have been

assisted with ADDI;assisted with ADDI; 52% of Assisted Households were 52% of Assisted Households were

Minorities;Minorities; An average of $7,671 of ADDI assistance has An average of $7,671 of ADDI assistance has

been provided per household;been provided per household; 28 PJs have yet to use any ADDI funds28 PJs have yet to use any ADDI funds

Legislative Agenda Legislative Agenda

Affordable Housing Trust Fund (HR 2895)Affordable Housing Trust Fund (HR 2895) StatusStatus Comparison to HOMEComparison to HOME

TA-related ChangesTA-related Changes

Regulatory Agenda Regulatory Agenda

HOME Proposed Rule:HOME Proposed Rule:

First major rulemaking since 1996First major rulemaking since 1996 Publication expected late springPublication expected late spring Three focuses:Three focuses:

UpdatesUpdates Clarification of existing policyClarification of existing policy New provisions focused on compliance, oversight and New provisions focused on compliance, oversight and

performanceperformance

HOME Program HOME Program - Technical Assistance -- Technical Assistance -

““HOME Certified Specialist” TrainingHOME Certified Specialist” Training 14 deliveries in 200714 deliveries in 2007 1,019 PJ staff trained over 2 years; 1,019 PJ staff trained over 2 years; median score 77%; pass rate 67% median score 77%; pass rate 67%

Demand/Response Training for 2008Demand/Response Training for 2008 30 sites - No new requests being accepted30 sites - No new requests being accepted

IDIS Web-Module – Self-directed trainingIDIS Web-Module – Self-directed traininghttp://www.hud.gov/offices/cpd/affordablehousing/http://www.hud.gov/offices/cpd/affordablehousing/training/web/elearning/index.cfmtraining/web/elearning/index.cfm

2008 HOME TA Products2008 HOME TA Products

Certified HOME Administrator CourseCertified HOME Administrator Course 22ndnd in the HOME Certification series in the HOME Certification series

Rental ComplianceRental Compliance PJ GuidePJ Guide Owner GuideOwner Guide New 2-1/2 day training courseNew 2-1/2 day training course

Monitoring Guide and Training CourseMonitoring Guide and Training Course

2008 HOME TA Products – cont.2008 HOME TA Products – cont.

HOME Written Agreement GuideHOME Written Agreement Guide State-focused HOME Development GuideState-focused HOME Development Guide TA for Troubled Projects GuideTA for Troubled Projects Guide Building Energy Star Qualified Homes GuideBuilding Energy Star Qualified Homes Guide Certified HOME Specialist – CHDOCertified HOME Specialist – CHDO Transit-Oriented Development GuideTransit-Oriented Development Guide

Future TA ProductsFuture TA Products

HOME and LIHTC GuideHOME and LIHTC Guide HOME Rental Underwriting GuideHOME Rental Underwriting Guide HOME and CDBG Web ModuleHOME and CDBG Web Module Single Family Underwriting Web ModuleSingle Family Underwriting Web Module Resale/Recapture Guide and TrainingResale/Recapture Guide and Training