# Home Investment Partnerships ProgramAdditional Streamlining
> **US Department of Housing and Urban Development** · Final rule; request for comment. · Published 1997-08-22 · 62 FR 44838
## Document
- **Document number:** 97-22296
- **Category:** hud-other
- **Agency:** US Department of Housing and Urban Development
- **Federal Register citation:** 62 FR 44838
- **CFR reference:** 24 CFR 92
- **Publication date:** 1997-08-22
- **Docket:** Docket No. FR-4111-F-02
## Abstract

This rule implements the proposed rule published December 11, 1996 and amends the existing Home Program final rule by: replacing the hearing procedures of the current Home rule with the Department-wide streamlined hearing procedures; removing the closeout requirements and instead providing that Home funds will be closed out in accordance with procedures established by HUD; replacing the extensive requirements for the competitive reallocation of Home funds with a citation to the selection factors in the Home statute and a statement of the maximum number of points that may be awarded for each factor; and establishing separate market interest rate formula for rehabilitation loans. This rule also promulgates an amendment to, and requests public comment on, Sec. 92.252(i)(2) to limit the rents charged to tenants of Home- assisted units whose income rises above 80 percent of area median income in Home projects in which the Home-assisted units ``float.''

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1997/08/22/97-22296/home-investment-partnerships-programadditional-streamlining)
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