Data / Federal rules / 2024-31401
Housing Opportunity Through Modernization Act: Implementation of Sections 102, 103, and 104; Extension of Compliance Date and Safe Harbor Implementation
The Housing and Urban Development Department published this final rule in the Federal Register on December 31, 2024.
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What the agency says
This document extends the compliance date for HUD's final rule entitled "Housing Opportunity Through Modernization Act of 2016: Implementation of Sections 102, 103, and 104" (HOTMA final rule) for Community Planning and Development (CPD) programs. Specifically, HUD is extending the compliance date for the HOME Investment Partnerships program (HOME), HOME-American Rescue Plan program, Housing Trust Fund (HTF), Housing Opportunities for Persons With AIDS (HOPWA), Community Development Block Grant program (CDBG), Emergency Solution Grants (ESG), Continuum of Care (CoC) programs, and CPD programs funded through competitive processes (Competitive Programs). HUD is extending the compliance deadline for all grantees and allowing grantees that are ready to comply to set an earlier compliance date between January 1, 2024, and January 1, 2026. In addition, HUD is permitting the implementation of certain income safe harbors established in the HOTMA final rule prior to the extended HOTMA compliance date. HUD is taking this action due to delays in updating the HUD systems to comply with HOTMA and to allow additional time for jurisdictions, participants, and grantees to incorporate HUD's income and asset requirements into their own programs and flexibility to transition implementing HOTMA requirements under their own timelines.
Key facts
- Document number
- 2024-31401
- Type
- Final rule
- Action
- Final rule; extension of compliance date
- Agency
- Housing and Urban Development Department
- Published
- December 31, 2024
- Dates
- The compliance date for the final rule published February 14, 2023, at 88 FR 9600, is extended. CPD participating jurisdictions, participants, and grantees (CPD grantees) subject to 24 CFR parts 5, 92, 93, 570, 574, 576, and 578, or who apply the income requirements in 24 CFR part 5 pursuant to Notices of Funding Opportunity (NOFOs), are not required to comply with the changes established by the HOTMA final rule until January 1, 2026.
- Docket
- Docket No. FR-6057-N-06
- Code of Federal Regulations
- 24 CFR 5; 24 CFR 92; 24 CFR 93; 24 CFR 570; 24 CFR 574; 24 CFR 576; 24 CFR 578
- Pages
- 2
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