Notice on HOME Investment Partnerships Program: Per-Unit Subsidy Limits
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This law sets the maximum subsidy limits per housing unit for the HOME Investment Partnerships Program and invites public comment. It maintains the subsidy limits at 240% of the Section 234 mortgage limitations for condominium housing, ensuring efficient allocation of resources for affordable housing projects.
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Key Changes
- Establishment of per-unit subsidy limits for HOME program
- Public comment period for methodology assessment
- Subsidy limits remain at 240% of Section 234 mortgage limitations
Obligations
What this law requires
Submit public comments on the HOME Investment Partnerships Program per-unit subsidy limits methodology by May 11, 2026
Apply the maximum per-unit subsidy limit of 240% of Section 234 mortgage limitations for condominium housing to HOME-funded projects for which HOME funds are committed on or after May 11, 2026
Determine and publish the maximum per-unit dollar limits for each area in which affordable housing is located annually in accordance with 24 CFR 92.250(a)
Submit comments through either the Federal eRulemaking Portal at www.regulations.gov or by mail to the Regulations Division, Office of General Counsel, HUD, 2415 Eisenhower Ave., Alexandria, VA 22314, with reference to docket number FR-6144-N-07
Make all properly submitted public comments available for public inspection and copying between 8:00 a.m. and 5:00 p.m. weekdays and on www.regulations.gov