Other Project Eligibility Criteria

Exhibit 1-3 summarizes additional threshold criteria for a HOME-LIHTC project. These are the minimal criteria that must be met in order for a project to be eligible to be funded under both programs and to comply with both sets of program requirements.

Exhibit 1-3: Threshold Criteria for a HOME-LIHTC Project

Exhibit 1-3: Threshold Criteria for a HOME-LIHTC Project

Eligible Forms of HOME Investment

During the threshold review, the PJ should also determine that the requested form of assistance is an eligible form under the HOME Program. Eligible forms of assistance include: predevelopment financing, construction loans, permanent loans, bridge loans, interest subsidy, loan guarantee, or refinancing (in certain circumstances). For additional information on the ways that HOME funds can be provided, see 24 CFR 92.205(b).

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