Resale and Recapture Requirements

Course Description

Resale and Recapture Requirements focuses on the basics of the resale and recapture requirements for homebuyer housing that is funded under HOME. The seminar begins with a brief overview of the basic HOME requirements for homebuyer units, including principal residence and unit quality. The class will then highlight the circumstances under which either resale or recapture can be used and resulting affordability period. The seminar will discuss means of recording these requirements and PJ actions in the event of homebuyer default. The class will also discuss net proceeds and the mechanisms for tracking and using recaptured funds. In addition, the seminar will discuss means of implementing and enforcing the resale provisions.

Who Should Attend

This is an intermediate seminar for PJ and CHDO or other HOME-eligible nonprofit staff. Participants need to have a basic understanding of the HOME rules as they relate to homebuyer housing.

Course Agenda

Course Locations and Dates

September 16, 2010

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