Glossary

Commitment

Definition: As used in the HOME program, commitment means one of three things. The Participating Jurisdiction (PJ) has: - Executed a legally binding agreement with a state recipient, subrecipient, or contractor to use a specific amount of HOME funds to produce affordable housing or provide tenant-based rental assistance; - Executed a written agreement reserving a specific amount of funds for a Community Housing Development Organization; or - Met requirements to commit to a specific local project as defined below. For tenant-based rental assistance, commitment means that a rental assistance contract between the PJ (or other entity) and the tenant or owner has been executed. HUD recognizes a commitment when the project is set up in the Integrated Disbursement and Information System.