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Changes to HOME Investment Partnerships (HOME) Program Commitment Requirement

HUD · hud-other · Published 2022-09-22 · Effective 2022-10-24 · 87 FR 57821

Document

Document number
2022-20425
Federal Register citation
87 FR 57821
CFR reference
24 CFR 91
Type
Rule
Action
Final rule.
Category
hud-other
Agency
US Department of Housing and Urban Development
Publication date
2022-09-22
Effective date
2022-10-24
Docket
Docket No. FR 5792-F-03

Abstract

This final rule follows HUD's interim final rule published on December 2, 2016. The interim rule changed the method by which HUD determines participating jurisdictions' compliance with the statutory 24-month commitment requirements on the use of HOME Investment Partnerships program (HOME) funds, including the set-aside for community housing development organizations, under the Cranston- Gonzalez National Affordable Housing Act of 1990 (NAHA). Specifically, it implemented a grant-specific method for determining compliance with such requirements. In addition, the interim rule revised the method of administering program income to prevent participating jurisdictions from losing allocated HOME funds when they expend program income. This rule finalizes the December 2, 2016, interim rule without change.

Source

Authoritative
Federal Register document
Machine
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