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for homebuyer activities as required in 92.254, is as follows:
The City of Newport News uses recapture provisions in all HOME mortgages and liens. Assistance is
provided as a grant, soft second, deferred payment and zero interest loans.
See attached – Recapture Policy
3. A description of the guidelines for resale or recapture that ensures the affordability of units acquired
with HOME funds? See 24 CFR 92.254(a)(4) are as follows:
HOME assistance: $1,000 to $14,999 - 5 year affordability period
HOME assistance: $15,000 to $40,000 - 10-year affordability period
HOME Assistance: Amounts over $40,000 - 15-year affordability period
4. Plans for using HOME funds to refinance existing debt secured by multifamily housing that is
rehabilitated with HOME funds along with a description of the refinancing guidelines required that
will be used under 24 CFR 92.206(b), are as follows:
There are no plans for the upcoming year to refinance existing debt secured by multifamily housing.
5. If applicable to a planned HOME TBRA activity, a description of the preference for persons with
special needs or disabilities. (See 24 CFR 92.209(c)(2)(i) and CFR 91.220(l)(2)(vii)). N/A
6. If applicable to a planned HOME TBRA activity, a description of how the preference for a specific
category of individuals with disabilities (e.g. persons with HIV/AIDS or chronic mental illness) will
narrow the gap in benefits and the preference is needed to narrow the gap in benefits and services
received by such persons. (See 24 CFR 92.209(c)(2)(ii) and 91.220(l)(2)(vii)). N/A
7. If applicable, a description of any preference or limitation for rental housing projects. (See 24 CFR
92.253(d)(3) and CFR 91.220(l)(2)(vii)). Note: Preferences cannot be administered in a manner that
limits the opportunities of persons on any basis prohibited by the laws listed under 24 CFR 5.105(a).
N/A
Annual Action Plan 57
2026
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