HUDFinal Rule
FR-6144-F-04 HOME Investment Partnerships Program: Program Updates and Streamlining—Delay of Effective Date
Housing
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Summary
The federal government is delaying when new updates to the HOME program—which helps fund affordable housing projects—will take effect. This gives housing organizations and state/local governments more time to prepare for new rules about how they manage and report on affordable housing funds.
Key Points
- 1New streamlined rules for the HOME Investment Partnerships Program are being postponed to a later date instead of taking effect immediately
- 2State and local housing agencies that receive federal funds for affordable housing projects will have extra time to update their systems and procedures
- 3The delay allows organizations to better prepare for changes in how they must track, manage, and report on housing program money
- 4This affects affordable housing developers, community organizations, and state/local governments that use HOME program funds
- 5The specific new effective date will be announced later, but organizations should start preparing for the updates now
Impact Assessment
If you are a housing organization or state/local government administering HOME funds, this means you have additional time to understand and implement new management and reporting requirements before they become mandatory.
Impact Level
Routine
Geographic Scope
National
Compliance Cost
Minimal
Who is Affected
State GovernmentsSmall BusinessesHomeownersConsumers
Key Dates
Published
February 3, 2025
Regulatory Connections
Amends CFR Sections
24 CFR Part 92
Other Documents in This Rulemaking (HUD-2024-0045)
HUDHousing
FR-6144-F-06 HOME Investment Partnerships Program: Further Program Updates and Streamlining
HUDHousing
FR-6144-F-05 HOME Investment Partnerships Program: Program Updates and Streamlining—Delay of Effective Date, Withdrawal, and Correction
HUDHousing
FR-6144-F-03 HOME Investment Partnerships Program: Program Updates and Streamlining
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.
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