HUDFinal Rule
FR-6144-F-06 HOME Investment Partnerships Program: Further Program Updates and Streamlining
HousingFinance & Banking
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Summary
This federal rule updates and simplifies how the HOME Investment Partnerships Program works, which helps communities build and improve affordable housing for low-income families. The changes are designed to make it easier for local governments and nonprofits to use federal housing funds more quickly and effectively.
Key Points
- 1Streamlines application and reporting requirements so local housing agencies can spend less time on paperwork and more time building affordable homes
- 2Updates program rules to remove outdated requirements that no longer make sense in today's housing market
- 3Affects state and local housing agencies, nonprofits, and community development organizations that receive federal HOME program funding
- 4Makes it easier for lower-income families to access affordable housing programs by reducing administrative delays
- 5Gives communities more flexibility in how they use federal funds to address their specific local housing needs
Key Dates
Published
October 22, 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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