HOME Final Rule Implementing Changes to Commitment Requirement
This regulation finalizes without change an interim rule, published in 2016, that modified the method by which the Department of Housing and Urban Development determines participating jurisdictions’ (PJs) compliance with the statutory 24-month commitment requirement for HOME Investment Partnerships program funds. Specifically, it uses a grant-specific method for determining compliance with the requirement and revised the method for administering program income to prevent PJs from losing allocated HOME funds when they expend program income.
