|The Office of Affordable Housing Programs announces the release of the HOME Investment Partnerships Program (HOME) Multifamily Underwriting Template.
This template assists HOME Participating Jurisdictions (PJs) to complete required underwriting and subsidy layering. The model is a series of spreadsheets within a Microsoft Excel workbook that allows a PJ to create a customized profile of a rental housing development scheme and determine what role HOME funds might play in the project. The template can be altered by the PJ to reflect local HOME underwriting policies and standards. PJs are not required to use the HOME Multifamily Underwriting Template. It is an optional tool to assist PJs in undertaking and documenting the underwriting process.
A PJ or HOME project developer can use this template to: