Now available on the HUD Exchange, the Using HOME and HTF in Opportunity Zones Guidebook is a user-friendly resource geared toward HOME Investment Partnerships Program (HOME) Participating Jurisdictions (PJs), Housing Trust Fund (HTF) grantees, and practitioners interested in taking advantage of the new capital that can be realized by investments in affordable rental housing projects located in Opportunity Zones (OZs).
Users can navigate through each Guidebook chapter for a comprehensive review, jump to specific chapters and topics most relevant to them, or use the Search feature to find specific information.
- The Essentials of OZ, HOME, and HTF Programs: For users that need to get up to speed on one or all of these programs, this chapter is the best place to start. It reviews each program in detail, highlighting its potential uses and requirements.
- Overview to Using HOME and HTF Funds within OZs: This chapter identifies the types of HOME or HTF projects and activities eligible in OZs, who is able to invest in OZs, and how to find potential partners.
- Opportunities for Using HOME and HTF in OZs: This chapter offers a step-by-step explanation of the process a typical grantee follows from concept to project completion in determining whether or not to use HOME or HTF funds in an OZ.
- Challenges to Using HOME and HTF in OZs: Combining funding sources, each with its own requirements, can be complicated! This chapter raises red flags and offers some solutions to the challenges of using HOME or HTF funds in an OZ.
- Case Study of a HOME-OZ Success Story: Ox Fibre (Frederick, Maryland) is a HOME project developed in an OZ—one of the first HOME-OZ projects in the nation. This case study highlights the lessons learned and ingredients for success.
Throughout the Guidebook, users will also find links to relevant resources, tools, training, definitions, and regulatory references to provide quick and easy access to more detailed information.