Can we use HOME funds for Shared Equity Homes?

HUD rules for the HOME program require participating jurisdictions to preserve the public investment either by recapturing HOME funds at the time of resale or through the imposition of resale price restrictions. The HOME program, however, only requires that affordability be preserved for 5-15 years, depending on the level of public investment. Programs are free to exceed these minimum affordability periods and many do. The home program has been a primary source of public investment in shared equity homeownership programs in many communities.