Community Development Block Grant Performance Fund and HOME Performance Fund Act of 1996

TABLE OF CONTENTS:

Title I: Performance Funds

Title II: Developing Communities Initiative

Title III: Miscellaneous Programs

Community Development Block Grant Performance Fund and HOME Performance Fund Act of 1996 - Title I: Performance Funds - Subtitle A: Community Development Block Grant Performance Fund - Amends the Housing and Community Development Act of 1974 to consolidate specified housing programs into a Community Development Block Grant Performance Fund. Authorizes appropriations.

Amends the Cranston-Gonzalez National Affordable Housing Act to make community development block grant authority for colonias permanent.

(Sec. 17) Amends the Housing and Community Development Act of 1974 to make loan guarantee funding authority permanent.

(Sec. 18) Authorizes challenge grant funds to be used for job creation activities.

(Sec. 20) Amends the Cranston-Gonzalez National Affordable Housing Act to terminate the Youthbuild program as of a specified date. Amends the Housing and Urban-Rural Recovery Act of 1983 to terminate: (1) the public housing early childhood development program; and (2) the neighborhood development demonstration program.

Subtitle B: Home Performance Fund - Amends the Cranston-Gonzalez National Affordable Housing Act to authorize appropriations for the HOME Investment Partnership program.

(Sec. 28) Increases Indian allocations. Revises resource allocation provisions.

(Sec. 31) Requires: (1) Texas, New Mexico, Arizona, and California to obligate funds for colonias; and (2) States with significant numbers of migrant farmworkers to obligate funds for their assistance.

(Sec. 33) Requires challenge grants for homeownership zone assistance.

(Sec. 35) Authorizes: (1) affordable housing program loan guarantees; (2) joint grants to educational institutions and State and local governments; (3) funds to carry out the Community Outreach Partnership Act of 1992; and (4) funds for lead-based paint reduction.

(Sec. 40) Amends the Cranston-Gonzalez National Affordable Housing Act to terminate: (1) the national homeownership trust demonstration; (2) the HOPE for homeownership of multifamily units; and (3) the HOPE for homeownership of single family homes. Amends the Housing and Community Development Act of 1992 to terminate the lead-based paint hazard reduction grant program as of a specified date.

Title II: Developing Communities Initiative - Authorizes assistance for community initiatives in targeted communities. Obligates funds under the Housing and Community Development Act of 1974 for such program.

Title III: Miscellaneous Programs - Amends the Housing and Urban Development Act of 1970 to authorize appropriations for Department of Housing and Urban Development research and development programs.

(Sec. 63) Amends the Housing and Community Development Act of 1987 to authorize appropriations for the fair housing initiatives program.

(Sec. 64) Amends the Residential Lead-Based Paint Hazard Reduction Act of 1992 to authorize appropriations for the lead-based paint target housing reduction program (for activities prior to the termination date required by this Act).