HUD has updated HOMEfires Vol. 12, No. 1: Guidance on Using the Base City High Cost Percentages to Determine the Maximum Per-Unit Subsidy Limits for HOME.
HOMEfires Vol. 12, No. 1 has been updated to reflect a change in the HUD Office of Multifamily Housing Program’s Field Office structure and to clarify the impact of that change on the “Base City High Cost Percentages” for HOME participating jurisdictions (PJs). HUD Multifamily Hubs in the field have been reorganized into HUD Multifamily Regional and Satellite Offices. This guidance makes clear that the Office of Community Planning and Development within a HUD Field Office may allow a HOME PJ that is not listed on the published list of “Base City High Cost Percentages” to use the high cost percentage of its HUD Multifamily Regional Office to determine the maximum per-unit subsidy limits for HOME.