Would the same process work for a first-time homebuyer program which provided HOME assistance at different locations?
Under HOME regulations, funds cannot be committed to a project until a written legally binding agreement has been executed for the identifiable property(ies) . Therefore, no HOME funds can be committed for a rental or homeownership project until address information is available. If the scattered site rental units do not share ownership, management, and financing, each property address will constitute a separate HOME “Project ” and must be set up as a separate activity in IDIS. Each activity must also be separately funded in IDIS. Multiple scattered site rental properties can be considered a single project under HOME and be entered as one activity in IDIS, if all properties will be under common ownership, management, and financing and are to be assisted with HOME funds as a single undertaking. At set up in IDIS, the owner’s information and at least one property address must be available. The Total HOME Funds Requested field on IDIS screen C04MH02 (Homeowner/Rental Assistance Setup) must
