Data / Federal rules / 2024-28297
Updated Terminology for State Housing Agency Housing Assistance Payments Contracts
The Housing and Urban Development Department published this final rule in the Federal Register on December 4, 2024. It took effect on January 3, 2025.
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What the agency says
This final rule revises HUD's regulations for Housing Assistance Payments contracts that were initially issued and administered by a State Housing Finance Agency. This final rule clarifies the meaning of the terms "HFA (Housing Finance Agency)" and "State Agency (Agency)" when HUD either assumes contract administration responsibilities or assigns the contract administration responsibilities to a Performance-Based Contract Administrator. This final rule also clarifies how reserve accounts may be transferred following assumption of contract administration duties by a new party. These regulatory changes conform with longstanding HUD policy and practice. This final rule adopts HUD's July 17, 2024, proposed rule without change.
Key facts
- Document number
- 2024-28297
- Type
- Final rule
- Action
- Final rule
- Agency
- Housing and Urban Development Department
- Published
- December 4, 2024
- Takes effect
- January 3, 2025
- Dates
- Effective January 3, 2025.
- Docket
- Docket No. FR-6378-F-02
- Regulation ID (RIN)
- 2502-AJ68
- Code of Federal Regulations
- 24 CFR 883
- Topics
- Accounting; Administrative practice and procedure; Government contracts; Grant programs-housing and community development; Low and moderate income housing; Public assistance programs; Public housing; Rent subsidies; Reporting and recordkeeping requirements; State and local governments
- Pages
- 3
Other documents from the Housing and Urban Development Department
Everything from the Housing and Urban Development Department · Rules on accounting · Rules on administrative practice and procedure · Rules on government contracts · Published in December 2024
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