🏡HUD Delays HOME Investment Partnerships Program Rule Implementation
HOME Investment Partnerships Program: Program Updates and Streamlining-Delay of Effective Date
Summary
On January 6, 2025, HUD published the "HOME Investment Partnerships Program: Program Updates and Streamlining" final rule (HOME Final Rule) in the Federal Register. The HOME Final Rule provides for the rule to take effect on February 5, 2025. Consistent with the President's January 20, 2025, memorandum titled "Regulatory Freeze Pending Review", this notice announces that HUD is delaying the effective date for the HOME Final Rule until April 20, 2025.
Agencies
- Housing and Urban Development Department
Business Impact
$$ - Med
The delay in the effective date of the HOME Final Rule impacts owners and executives in the housing sector by extending compliance timelines regarding updated regulations that affect federal housing programs. This can influence planning, funding, and operational adjustments necessary to align with the new requirements once effective on April 20, 2025.