The HOME program final rule was published in todays Federal Register. This final rule amends the HOME
regulations to address many of the operational challenges facing participating jurisdictions, particularly challenges related to recent housing market conditions and the alignment of federal housing programs. The final rule also seeks to clarify certain existing regulatory requirements and establishes new requirements designed to enhance accountability by States and units of local government in the use of HOME funds, strengthen performance standards and require more timely housing production. The final rule also updates property standards applicable to housing assisted by HOME funds.
You may view the final rule on the NAHMA HUD page, beneath the HOME Program section. Alternatively, you may follow this link for direct access.