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HOME Compliance & Monitoring - Multifamily Properties

Overview
Properties that have been rehabilitated using HOME funds are subject to specific rules designed to ensure that they remain affordable to low and very low income households throughout the required effective period. Owners and their agents must plan and maintain compliance with the HOME regulatory requirements associated with the utilization of HOME funds in multifamily properties.

It is the responsibility of the Minnesota Housing Finance Agency (Minnesota Housing) to monitor the continuing compliance of units that have received HOME funds in accordance with HUD regulations contained in 24 CFR Part 92. It is also Minnesota Housing’s responsibility to ensure that property owners retain the housing units as affordable to low and very low-income persons throughout the period of affordability.

Important Information
What's new and Upcoming Events
Minnesota Housing's Fair Housing webpage
Helpful Resources

Forms and Services
Compliance Manual
2012 HOME Minnesota Rent Limits - Effective February 9, 2012
2012 HOME Minnesota Income Limits - Effective February 9, 2012
Area Definitions

Compliance Forms
All HOME unit households must be certified for initial eligibility and recertified annually thereafter. For Minnesota Housing’s HOME properties, tenant income is calculated in a manner consistent with the determination of annual income under section 8 of the United States Housing Act of 1937 ("Section 8").

For guidance in determining tenant income, the HUD Handbook 4350.3, Occupancy Requirements of Subsidized Multifamily Housing Programs, is used and is recommended as a reference guide. The HUD Handbook 4350.3 can be found at http://www.hud.gov/offices/adm/hudclips/handbooks/hsgh/4350.3/index.cfm.

The following are acceptable forms for determining and certifying tenant household data for Minnesota Housing’s HOME properties:
Household Questionnaire
Demographic Profile
Calculation Worksheet
Tenant Income Certification

The following forms must be on file for every HOME unit:
Home Lease Addendum
Data Practices Act Statement

The following forms may be used to verify tenant household Incomes and Assets:
Employment Verification
Bank Verification
Asset Verification - 401K
Alimony / Child Support Verification
Alimony / Child Support Verification (Agency)
Alimony / Child Support Self-Certification
Divestiture of Assets Verification
Military Pay Verification
Public Assistance Verification
Pension / Annuity Verification
Real Estate Verification
Regular Contributions Verification
Self Employment Verification - Existing Business
Self Employment Verification - New Business
Stocks / Bonds Verification
Unemployment Verification
Veteran's Benefits Verification
Workers Compensation Verification
Zero Income Certification
Live-in Aide Agreement
Live-in Aide Verification

Lead-Based Paint Forms for All Properties Built Prior to 1978
Protect Your Family Lead Brochure
Renovate Right Pamphlet

Compliance Reporting
Owners must submit tenant income certification and demographic information using Minnesota Housing's Compliance Monitoring System (CM System) for each HOME unit. Owners Must report all move-ins, re-certifications, move-outs and other activity.  Data entry instructions are provided.
CM System Log-in and Data Entry Instructions - http://www.mnhousing.gov/login/index.aspx

Annual Owner Certification Form

Request for Action Forms
Forms for requesting approval to refinance non-Minnesota Housing loans; subordination; consent of easement; partial release; change of use; changes in ownership structure (name change, change in entity type of change in partnership interest); payoff/satisfaction; casualty loss/insurance claim; for service-enriched or supporting housing, change in approval of Minnesota Housing for its deferred loan programs.


Contact Minnesota Housing HOME Program Staff
Contacts