Type:Rule
Citation:90 FR 8780
Reading Time:about 2 minutes
The U.S. Department of Housing and Urban Development (HUD) released a final rule on January 6, 2025, for updating and streamlining the HOME Investment Partnerships Program. Initially set to take effect on February 5, 2025, HUD has delayed the effective date to April 20, 2025, in response to a presidential memorandum titled "Regulatory Freeze Pending Review." This delay is intended to allow HUD to review the rule for any potential issues or implications.
Simple Explanation
The government made a new rule to make a program better, and it was supposed to start soon, but they decided to wait a bit longer, until April 20, 2025, so they can check it out more first. This delay is like pressing pause to make sure everything is okay before moving forward.