HUD Requests Input on Housing Fund Paperwork Renewal
Published Date: 2/23/2026
Notice
Summary
HUD wants to keep collecting info for the HOME Investment Partnerships program, which helps build and fix affordable housing. They’re asking the public to share thoughts by March 25, 2026, before getting final approval. This affects local groups and developers who use HUD funds and helps make sure money is spent right and on time.
Analyzed Economic Effects
5 provisions identified: 2 benefits, 3 costs, 0 mixed.
Large annual reporting and recordkeeping burden
If you are a HOME program participant (local jurisdictions, owners, developers, CHDOs), HUD will keep requiring lots of reports and records. The notice lists a total annual respondent burden of 255,750.25 hours and an annual respondent cost of $12,426,904.65 tied to HUD Form 27055 and related IDIS reporting.
25% local match requirement stays in place
HUD will use the collected data to determine compliance with the statutory requirement that Participating Jurisdictions (PJs) provide a 25 percent match for HOME funds expended during the Federal fiscal year. That match requirement remains a condition for HOME funds.
Program income must be used for HOME-eligible activities
HUD will use the information to verify that program income is used for HOME-eligible activities, per Section 219 of the Act. That means program income generated from HOME-assisted activities must be spent on HOME-eligible uses.
Required tenant protections and long-term agreements
HUD requires written long-term agreements with owners (Sec. 92.504) and tenant protections (Sec. 92.253) and reviews these during monitoring. This enforces that owners follow tenant protection and long-term affordability rules for HOME-assisted properties.
Enforcement of income-targeting and affordability rules
HUD will use project, tenant, owner, and financial data to determine whether participants meet the HOME Act's income-targeting and affordability requirements (Sections 214 and 215). That helps ensure HOME units serve the intended low-income households.
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