Changes to HOME Investment Partnerships (HOME) Program Commitment Requirement

Document 2022-20425 is a Final Rule published by the Department of Housing and Urban Development in the Federal Register on September 22, 2022, with an effective date of October 24, 2022. 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. View the original at https://www.federalregister.gov/documents/2022/09/22/2022-20425/changes-to-home-investment-partnerships-home-program-commitment-requirement.

No. Document 2022-20425 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.