The rules and regulations governing the activities of the HOME program include the Laws as enacted by Congress, and the Regulations created by HUD to achieve the result prescribed by the Laws. HUD provides guidance on the HOME program through HOME CPD Notices, HOME Policy Memos, HOMEfires, and HOME FACTS.
The HOME Statute is contained in Title II of the Cranston-Gonzalez National Affordable Housing Act. The Statute contains the following subparts:
The Consolidated and Further Continuing Appropriations Act of 2012 and the Consolidated and Further Continuing Appropriations Act of 2013 imposed new requirements on 2012 and 2013 HOME projects. The purpose of these requirements is to improve project and developer selection by Participating Jurisdictions (PJs) and to ensure that there is adequate market demand for 2012 and 2013 HOME projects.
HUD published an Interim Final Rule on December 2, 2016 implementing a grant-specific method of determining compliance with the statutory 24-month deadline for committing HOME funds. The interim rule is effective on January 3, 2017.
View information about the Changes to HOME Program Commitment Requirement Interim Final Rule:
HUD published a Final Rule in the Federal Register on July 24, 2013 to amend the HOME Program regulations. These amendments to the HOME regulations represent the most significant changes to the HOME Program in 17 years. Generally, the provisions of the HOME Final Rule are effective on August 23, 2013. Several of the new requirements will go into effect at a later date, in consideration of their complexity.
View information about the HOME Final Rule:
The Office of Management and Budget's (OMB) Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly called "Uniform Guidance") was officially implemented in December 2014. The Uniform Guidance is a government-wide framework for grants management. It is an authoritative set of rules and requirements for federal awards that synthesizes and supersedes guidance from earlier OMB circulars