January 28, 2025 in HUD Notices

HOME Final Rule Has Been Published!

On January 6, 2025, HUD published a final rule in the Federal Register to update, streamline, and authorize new flexibilities in the regulations governing the HOME Investment Partnerships (HOME) Program. The final rule will ease regulatory requirements and increase flexibility to support the production of affordable housing and lower housing costs while reducing regulatory burden.

The final rule will better align HOME with other affordable housing funding sources to benefit tenants and residents and lower housing costs. The rule also streamlines and modernizes the program by easing regulatory requirements, significantly reducing burden on owners and developers of HOME-assisted housing and participating jurisdictions.