1. HOME Investment Partnerships Program

2. OVERVIEW - TOPICS OVERVIEW - TOPICS FY 2008 HOME Budget FY 2008 HOME Budget Performance Measurement Performance Measurement American Dream Downpayment Initiative - Update American Dream Downpayment Initiative - Update Legislative Agenda Legislative Agenda Regulatory Agenda Regulatory Agenda Technical Assistance and Training Technical Assistance and Training

3. FY 2008 HOME Budget FY 2008 HOME Budget House House Senate Senate Omnibus Omnibus HOME (including set-asides) $1,757 $1,757 $1,970 $1,970 $1,704 $1,704 ADDI 0 25.0 25.0 10.0 10.0 T.A 9.9 9.9 15.0 15.0 12.5 12.5 Counseling 41.6 41.6 150.0 150.0 50.0 50.0 W.C.F. 1.0 1.0 3.5 3.5 Subtotal Subtotal 52.5 52.5 193.5 193.5 76.0 76.0 HOME ALONE! $1,704.5 $1,704.5 $1,776.5 $1,776.5 $1,628.0 $1,628.0

4. HOME Program - Proposed FY2009 Budget -

5. Performance Measurement Performance Measurement HOME GPRA Accomplishments in FY 2007 (as of 9/30/07): HOME GPRA Accomplishments in FY 2007 (as of 9/30/07): Homebuyer assistance: 34,985 (116% of target); Homebuyer assistance: 34,985 (116% of target); Rental production: 46,211 (152% of target) Rental production: 46,211 (152% of target)

6. ADDI Update As of 12/31/07: A total of $213 million out of $260 million has been expended (82%); A total of $213 million out of $260 million has been expended (82%); A total of 27,745 homebuyers have been assisted with ADDI; A total of 27,745 homebuyers have been assisted with ADDI; 52% of Assisted Households were Minorities; 52% of Assisted Households were Minorities; An average of $7,671 of ADDI assistance has been provided per household; An average of $7,671 of ADDI assistance has been provided per household; 28 PJs have yet to use any ADDI funds 28 PJs have yet to use any ADDI funds

7. Legislative Agenda Legislative Agenda Affordable Housing Trust Fund (HR 2895) Affordable Housing Trust Fund (HR 2895) Status Status Comparison to HOME Comparison to HOME TA-related Changes TA-related Changes

8. Regulatory Agenda Regulatory Agenda HOME Proposed Rule: First major rulemaking since 1996 First major rulemaking since 1996 Publication expected late spring Publication expected late spring Three focuses: Three focuses: Updates Updates Clarification of existing policy Clarification of existing policy New provisions focused on compliance, oversight and performance New provisions focused on compliance, oversight and performance

9. HOME Program - Technical Assistance - “HOME Certified Specialist” Training “HOME Certified Specialist” Training 14 deliveries in 2007 14 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 2008 Demand/Response Training for 2008 30 sites - No new requests being accepted 30 sites - No new requests being accepted IDIS Web-Module – Self-directed training IDIS Web-Module – Self-directed training http://www.hud.gov/offices/cpd/affordableh ousing/training/web/elearning/index.cfm

10. 2008 HOME TA Products Certified HOME Administrator Course Certified HOME Administrator Course 2 nd in the HOME Certification series 2 nd in the HOME Certification series Rental Compliance Rental Compliance PJ Guide PJ Guide Owner Guide Owner Guide New 2-1/2 day training course New 2-1/2 day training course Monitoring Guide and Training Course Monitoring Guide and Training Course

11. 2008 HOME TA Products – cont. HOME Written Agreement Guide HOME Written Agreement Guide State-focused HOME Development Guide State-focused HOME Development Guide TA for Troubled Projects Guide TA for Troubled Projects Guide Building Energy Star Qualified Homes Guide Building Energy Star Qualified Homes Guide Certified HOME Specialist – CHDO Certified HOME Specialist – CHDO Transit-Oriented Development Guide Transit-Oriented Development Guide

12. Future TA Products HOME and LIHTC Guide HOME and LIHTC Guide HOME Rental Underwriting Guide HOME Rental Underwriting Guide HOME and CDBG Web Module HOME and CDBG Web Module Single Family Underwriting Web Module Single Family Underwriting Web Module Resale/Recapture Guide and Training Resale/Recapture Guide and Training