[Code of Federal Regulations]

[Title 24, Volume 1]

[Revised as of April 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 24CFR92.214]



[Page 612-613]

 

                 TITLE 24--HOUSING AND URBAN DEVELOPMENT

 

PART 92_HOME INVESTMENT PARTNERSHIPS PROGRAM--Table of Contents

 

                     Subpart E_Program Requirements

 

Sec.  92.214  Prohibited activities.



    (a) HOME funds may not be used to:

    (1) Provide project reserve accounts, except as provided in Sec.  

92.206(d)(5), or operating subsidies;

    (2) Provide tenant-based rental assistance for the special purposes 

of the existing section 8 program, in accordance with section 212(d) of 

the Act;

    (3) Provide non-federal matching contributions required under any 

other Federal program;

    (4) Provide assistance authorized under section 9 of the 1937 Act 

(Public Housing Capital and Operating Funds);

    (5) Provide assistance to eligible low-income housing under 24 CFR 

part 248 (Prepayment of Low Income Housing Mortgages), except that 

assistance may be provided to priority purchasers as defined in 24 CFR 

248.101;

    (6) Provide assistance (other than tenant-based rental assistance or 

assistance to a homebuyer to acquire housing previously assisted with 

HOME funds) to a project previously assisted with HOME funds during the 

period of affordability established by the participating jurisdiction in 

the written agreement under Sec.  92.504. However, additional HOME funds 

may be committed to a project up to one year after project completion 

(see Sec.  92.502), but the amount of HOME funds in the project may not 

exceed the maximum per-unit subsidy amount established under Sec.  

92.250.

    (7) Pay for the acquisition of property owned by the participating 

jurisdiction, except for property acquired by the participating 

jurisdiction with HOME funds, or property acquired in



[[Page 613]]



anticipation of carrying out a HOME project; or

    (8) Pay delinquent taxes, fees or charges on properties to be 

assisted with HOME funds.

    (9) Pay for any cost that is not eligible under Sec. Sec.  92.206 

through 92.209.

    (b) Participating jurisdictions may not charge monitoring, servicing 

and origination fees in HOME-assisted projects. However, participating 

jurisdictions may charge nominal application fees (although these fees 

are not an eligible HOME cost) to project owners to discourage frivolous 

applications. Such fees are applicable credits under OMB Circular A-87.



[61 FR 48750, Sept. 16, 1996, as amended at 62 FR 28929, May 28, 1997; 

67 FR 61756, Oct. 1, 2002]