# HOME Investment Partnerships Program; American Dream Downpayment Initiative and Amendments to Homeownership Affordability
> **US Department of Housing and Urban Development** · Final rule. · Published 2007-04-04 · Effective 2007-05-04 · 72 FR 16678
## Document
- **Document number:** E7-5960
- **Category:** hud-manufactured-home
- **Agency:** US Department of Housing and Urban Development
- **Federal Register citation:** 72 FR 16678
- **CFR reference:** 24 CFR 92
- **Publication date:** 2007-04-04
- **Effective date:** 2007-05-04
- **Docket:** Docket No. FR-4832-F-02
## Abstract

This rule follows publication of, and considers the public comments on, two earlier HUD rules. First, this rule makes final the March 30, 2004, interim rule establishing regulations for a downpayment assistance component under the HOME Investment Partnerships Program (HOME), referred to as the American Dream Downpayment Initiative (ADDI). Through the ADDI, HUD makes formula grants to participating jurisdictions under the HOME Program for the purpose of assisting low- income families to achieve homeownership. In addition, this rule also makes final HUD's November 22, 2004, interim rule, which revised and clarified the HOME Program homeownership affordability requirements of the HOME Investment Partnerships Program. In response to the public comments received on both interim rules, this final rule clarifies that the purchase of manufactured homes is an ADDI eligible activity, and broadens and clarifies the use of HOME funds to help preserve affordable housing previously assisted with HOME funds.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2007/04/04/E7-5960/home-investment-partnerships-program-american-dream-downpayment-initiative-and-amendments-to)
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