The Final Rule for HUD’s HOME Investment Partnerships Program will reduce administrative burden on communities, better align federal resources, and lower housing costs for families nationwide.
WASHINGTON – Today, the U.S. Department of Housing and Urban Development (HUD) published a Final Rule in the Federal Register to modernize and strengthen regulations for the HOME Investment Partnership Program (HOME). HOME is the largest federal grant program specifically for creating housing for disadvantaged households. The regulatory updates, announced today, incorporate feedback from stakeholders, community leaders, and participating jurisdictions who receive annual HOME grant funding. The HOME final rule announced today streamlines program requirements for states and localities, better aligns HOME funding with other federal housing resources, reduces administrative burden for communities and housing developers, improves assistance and protections for renters, strengthens the use of HOME for homeownership activities, and encourages energy efficient and green building practices.