The U.S. Department of Housing and Urban Development (HUD) has extended the compliance date for its final rule under the Housing Opportunity Through Modernization Act (HOTMA) for certain Community Planning and Development (CPD) programs until January 1, 2026. This extension is due to delays in updating HUD systems and aims to give grantees more time to incorporate the necessary changes. HUD is also allowing the use of income safe harbor provisions established in the HOTMA rule before the new compliance date. These changes affect programs like the HOME Investment Partnerships program, Housing Trust Fund, and others, allowing grantees flexibility in transitioning to new requirements.
Simple Explanation
HUD is giving people more time, until 2026, to follow new rules for housing programs because they need help updating their systems. This gives everyone time to adjust and use simpler ways to figure out who qualifies for these programs.