News

Suspension of HOME 24-Month Commitment Requirement

On June 2, HUD published a message on HUD Exchange addressing the FY 2017 Consolidated Appropriations Act’s (Public Law No. 115-31) suspension of the HOME Investment Partnerships Program (HOME) 24-month commitment requirement for deadlines occurring in 2016, 2017, 2018, and 2019. Due to this suspension, HUD will not be enforcing the program’s 24-month commitment requirement for deadlines occurring this year or in 2018 and 2019. For deadlines that occurred in 2016, HUD intends to return deobligated funds to participating jurisdictions (PJs). HUD further clarifies that this suspension does not apply to a PJ’s Community Housing Development Organization (CHDO) set-aside funds and does not apply to the 5-year expenditure deadline for FY 2014 and earlier grants. The recent HOME interim rule implementing grant-specific commitment requirements remains in effect, except HUD will not enforce the 24-month commitment deadlines discussed above. Additional HUD guidance on the effects of this suspension is forthcoming.

Don't miss out!
Keep Up with the Latest from NAHRO!

 To subscribe to NAHRO's members-only Direct News and other NAHRO emails (both members-only and general), please log in/create an account and update your communications preferences.

To be notified every time we post a new article on the NAHRO website, please use the Get Updates button below. Please note that non-members will not be able to view member-only content.

 

To unsubscribe, please follow the directions in the news emails you receive from us.

Invalid email address

Want more information?

Sylvia Gimenez

Director of Communications
phone 202-289-3500 mail Send Sylvia an email