BTW, to anyone thinking that the HOME initiative will provide housing for a teacher ... no way.
Teachers start just over $50k, consider a teacher that is a few years in making $60k. A reasonable rule of thumb says you should spend no more than 30% of your income on housing. That's $18k for our teacher. Combine the mortgage and property tax costs, plus some money for upkeep, and consider you probably need 10% of the price of a home each year to afford it. At the max 30%, your teacher can afford a $180k home. Bump that up to $220k or so, because tax exemptions will help out on the lower end.
Show me the developer that is planning to deliver a home for $220k, even at six to a lot ... no way ... it's not going to happen.
HOME is not for teachers.
The teachers that I know make ends meet either by being married to someone making a lot more money, by being independently wealthy and teaching as a 2nd career, by packing into an older home and sharing expenses, by living in a tiny apartment, or by quitting the teaching profession and getting a higher paying job. The school district is building some housing for them that will help, and I predict that as kids leave the district they will have plenty of spare land to build more housing on, but HOME won't help.