Updated Terminology for State Housing Agency Housing Assistance Payments Contracts

Document 2024-15269 is a Proposed Rule published by the Department of Housing and Urban Development in the Federal Register on July 17, 2024. The U.S. Department of Housing and Urban Development is proposing to revise HUD's regulations for Housing Assistance Payments contracts that were initially issued and administered by a State Housing Finance Agency. The proposed rule would clarify the meaning of the terms "HFA (Housing Finance Agency)" and "State Agency (Agency)" when HUD either assumes contract administration responsibilities or assigns the contract administration responsibilities to a Performance-Based Contract Administrator. The proposed rule would also clarify how reserve accounts may be transferred following assumption of contract administration duties by a new party. These regulatory changes would conform with longstanding HUD policy and practice. View the original at https://www.federalregister.gov/documents/2024/07/17/2024-15269/updated-terminology-for-state-housing-agency-housing-assistance-payments-contracts.

No. Document 2024-15269 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.