In Topic 4: Complying with Occupancy Requirements of this training module, we examined how to merge HOME and LIHTC rules in order to comply with the occupancy requirements of both programs. This topic will take a closer look at the rules for determining rents when using both sources of funding.

HUD establishes rent limits for both the HOME and LIHTC programs. For units subsidized under both programs, rents cannot exceed either program limit. As a result, it is important that PJs and property managers have a basic understanding of the rent rules under each program.

In this topic, you will learn how to:

• Describe how HOME and LIHTC rent limits are established;
• Explain the requirements that apply when combining the two programs; and
• Explain rent rules when tenants are receiving an additional subsidy.

This topic will cover the following subjects:

• Establishing HOME Rents: A Refresher
• Blending HOME and LIHTC Requirements
• Sample Rent Limits Under the LIHTC and HOME Programs
• Establishing Rents when Tenants Receive Additional Subsidy