Resale & Recapture Requirements

ICF International

 is pleased to announce that it is presenting

 "Resale & Recapture Requirements"

 October 27, 2009


Columbus, Ohio  

Course Description

This training 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.



9:00 am – 9:15 am      Introductions and Overview
                                      * Welcome
                                      * Course objectives
                                      * Training goals
9:15 am – 10:15 am    Homebuyer Program Requirements
                                      * Typical programs
                                      * Eligible costs and properties
                                      * Property standards
                                      * Applicants and ownership
                                      * Affordability restrictions
                                      * Resale and recapture 
                                      * Consolidated Plan
10:15 am – 10:30 am  Break
10:30 am – 12:00 pm  The Resale Approach
                                      * What is resale?
                                      * Affordability period under resale
                                      * Resale examples
                                      * Implementing the resale approach
                                      * Implementing the resale approach (cont.)
                                      * Repayment funds in IDIS
                                         Implementing Resale and Recapture
                                      * Developing and recording homebuyer affordability restrictions
                                      * Enforcing the affordability restrictions
12:00 pm – 1:15 pm  Lunch
1:15 pm – 2:15 pm    The Recapture Approach
                                      * What is recapture?
                                      * Affordability period under recapture
                                      * Recapture examples
2:15 pm – 2:30 pm    Break
2:30 pm – 4:15 pm    The Recapture Approach (cont.)
                                      * Recapture requirements
                                      * Implementing the recapture approach
                                      * Recaptured funds in IDIS
4:15 pm – 4:30 pm    Wrap up

Name Sales End Price
Resale & Recapture Requirements Ended Free

On the Web

Substantial Amendment to the Consolidated Plan The City …

The Department of Housing and Urban Development has strengthened the requirements for Resale and Recapture under the HOME program. The City ...

Primary Mortgage: Are first mortgage terms and commitments maximized to minimize the amount of subsidy required? Resale/Recapture: ...

Building HOME - IPED - Affordable Housing, Tax Credit …

... HOME funds can be used in ADDI units ADDI Rules HOME rules apply to ADDI Income requirements Principal residence requirements Resale/Recapture Property ...

§92.254 24 CFR Subtitle A (4–1–10 Edition)

resale requirements. The affordability restrictions may terminate upon occur- ... recapture requirements for HUD ap-proval. In establishing its recapture re-

HUD Archives: HOMEfires - Vol. 5 No.2, July, 2003

Homebuyer projects under recapture provisions are ... The affordability requirements would be met if the new ... Homebuyer Housing with a Resale Agreement ...

Resale/Recapture Acknowledgement Form - Indianapolis

3.Project Sponsors will be required to initiate a declaration of covenants to enforce the terms of the resale provision. ... Resale/Recapture Acknowledgement Form

NSP/HOME Resale, Recapture Requirements 92.254 a.5. Resale and Recapture To ensure affordability, the participating jurisdiction (PJ) must impose either resale or recapture requirements ...

Resale and Recapture Requirements - Welcome to HUD ...

5 ICF Consulting RESALE AND RECAPTURE REQUIREMENTS Slide 13 Property Standards Different standards for acquisition only, acquisition/rehab and new

Notice: CPD 12-003 - HUD/U.S.

Title: Notice: CPD 12-003 Subject: Guidance on Resale and Recapture Provision Requirements under the HOME Program. Author: HUD-CPD Last modified by

Affordability requirements have industry sweating

For example, critics of Washington D.C.’s affordable housing requirements cite the lack of a “recapture” model ... Moreover, units built under the D.C. program suffer from poor resale value because they can be resold only to buyers in the same ...

The Real Deal • 10/13/2013

Louisiana legislature considers more lenient ticket resale law

College sports fans in Louisiana ... for in-person ticket resale of tickets to college sporting events for any amount, so long as the price does not exceed the combined total of the ticket’s face value and the total amount required by the college as ...

Ticket News • By Jean Henegan • 4/22/2010

Special meeting of HOME consortium

Agreement below: Asheville Regional Housing Consortium will comply with the recapture and/or resale provisions outlined in the HOME ... The HOME assistance is limited to the minimum required to make the unit affordable. • HOME-funded direct …

Mountain Xpress • By David Forbes • 4/19/2013

IRS simplifies guidelines for deducting home office

In addition, there has been grumblings about the amount of tax due when the home is sold because of depreciation recapture ... living and working requirements. While resale homes often have to be remodeled to include home-office space, many designers ...

The Spokesman-Review • 2/24/2013

House Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies Hearing

This included issues in subgrantee activities, resale and recapture provisions to enforce HUD's affordability requirements, incorrectly reporting program accomplishments, and incurring ineligible expenses. There is also a repetitive thread of not always ...

Insurance News Net • 3/30/2012

A Larger Place (Couch Must Fit)

They required an elevator and a living room ... and they were concerned about the building’s resale restrictions. Because it had been built with subsidies, there was a recapture provision so that, if the owners sold within 15 years, part of the profit ...

New York Times • By Joyce Cohen • 12/29/2011

Microsoft Drops Xbox One Internet Requirement

An Internet connection will no longer be required for games that do not access the Internet, said Mattrick, and disc-based games will not require online authentication following initial system setup. Also, he said, the lending, sharing, resale and rental ...

TechWeb • 6/20/2013

Los Angeles business turns electronic waste into opportunity

Stokes, a Vassar graduate who doesn’t quite fit the stereotype of someone who deals in waste, says they first take anything that can be fixed and put it aside for resale ... at Isidore fulfills two important requirements for him.

89.3 KPCC • 4/16/2013

IRS to make home offices an easier tax deduction

There was a time, not long ago, when working at home and taking a home office deduction on a federal income tax ... they choose a home that meets both their living and working requirements. While resale homes often have to be remodeled to include home ...

Akron • By Tom Kelly • 3/21/2013

Davis City Council discusses affordable housing work plan

The affordable housing program includes rental housing and offers options that range from shared equity and equity recapture through secondary loans and ongoing resale restrictions ... has had local affordable housing requirements since 1987. • 11/7/2013

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