Third Edition (HUD-1780-CPD, January 2005. Supersedes HUD-1780-CPD,
June 1999)
The
HOME Investment Partnerships (HOME) Program is a flexible and versatile
funding resource for affordable housing.
A fundamental component of using HOME funds effectively is ensuring
that they are targeted to households that are eligible for assistance.
HOME
Program rules effective October 1996 require that participating
jurisdictions (PJs) use one of three definitions of annual income
to determine the eligibility of applicants to their programs.
The definitions are: annual income as used in HUD programs like
Section 8 and defined in 24 CFR 5.609; annual income as reported
under the Census long form for the most recent decennial census;
and adjusted gross income as defined by the Internal Revenue Service
(IRS) Form 1040 series for individual federal annual income tax
reporting purposes.
This
self-study
guide serves as a companion to the model programs on HOME Program
activities.
It includes explanations of the basic requirements as well as exercises
and case studies to enable readers to test their understanding of
the key concepts.
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