HUD Publishes 2013 HOME Final Rule

HUD published a Final Rule in the Federal Register on July 24 to amend the Home Investment Partnerships (HOME) program regulations. The proposed rule had been issued in December 2011. The HOME program provides grant funding through formula allocation to states and local governments to strengthen public-private partnerships and increase the supply of affordable housing for low-income households. State and local government agencies that administer HOME programs, or participating jurisdictions (PJs), are required to match a portion of federal funds with non-federal resources.

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