HUD-2003-15-CPD
Most housing professionals agree that concentrating assisted-housing
for low- and very low-income Americans in dense, urban areas is
not an effective use of scarce affordable housing resources. Over
the past decade, professionals in the affordable housing industry
have turned increasingly to mixed-income housing as an alternative
to traditional assisted-housing initiatives. Mixed-income housing
is an attractive option because, in addition to creating housing
units for occupancy by low-income households, it also contributes
to the diversity and stability of American communities.
There have been numerous successful mixed-income developments nationwide.
State and local governments have developed incentive programs and
initiatives to promote mixed-income housing. In the past decade,
the U.S. Department of Housing and Urban Development (HUD) has provided
support for public housing authorities to de-concentrate traditional
public housing in favor of the development of mixed-income housing.
In addition, HUD funding from the HOME Investment Partnerships Program
can also be a valuable resource for states and local jurisdictions
to finance mixed-income housing initiatives, or to develop, design
and implement new mixed-income housing programs that address local
housing needs. HOME funds are specifically designed to be flexible
in order to meet local housing needs.
This publication, Mixed-Income
Housing and the HOME Program provides guidance to HOME participating
jurisdictions on how they can use HOME funds to support mixed-income
housing development. It reviews the benefits of mixed-income housing,
provides detailed information on the considerations that will make
or break a mixed-income housing deal, and it highlights regulatory
provisions of the HOME Program that must be addressed, many of which
help facilitate the mixed-income housing programming. Mixed-Income
Housing and the HOME Program draws heavily on real and hypothetical
case studies to demonstrate the applicability of the publications
lessons.
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