HUDFinal Rule
FR-6144-F-03 HOME Investment Partnerships Program: Program Updates and Streamlining
Housing
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Summary
The Department of Housing and Urban Development (HUD) is updating rules for the HOME Investment Partnerships Program, which helps fund affordable housing projects across the country. These changes are designed to make it easier for communities to access funding and build more homes for low-income families.
Key Points
- 1Simplifies the application and reporting requirements for communities seeking HOME program funding, reducing paperwork and administrative burden
- 2Updates funding rules to help local governments and nonprofits move housing projects forward more quickly
- 3Affects cities, counties, and community organizations that receive federal grants to build or improve affordable housing
- 4Makes it easier for developers to use HOME funds for projects that serve people with low to moderate incomes
- 5Streamlines compliance and monitoring processes so organizations can spend less time on paperwork and more time building homes
Key Dates
Published
January 6, 2025
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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