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

[AI summary unavailable — showing source text] 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…