This issue of HOMEfires provides guidance to PJs on what costs may be charged to owners of HOME-assisted rental projects for compliance monitoring during the period of affordability. The HOMEfires makes clear that monitoring fees may only be charged to HOME-assisted projects with commitments on or after August 23, 2013, and outlines acceptable methods for establishing the average actual cost of monitoring. An Excel tool is attached to help PJ’s calculate a HOME monitoring fee.
View HOMEfires Vol. 14, No. 2: Guidance on Fee For Monitoring of HOME-Assisted Rental Projects.