A HUD Exchange email announced the suspension of the HOME Investment Partnerships Program requirement that Participating Jurisdictions (PJs) commit HOME funds awarded to them within 24 months. The FY17 “Consolidated Appropriations Act” provided for this suspension for FY16 through FY19. HUD stresses, however, that HOME funds that must be set aside for Community Housing Development Organizations (CHDOs) must still be committed within 24 months. HUD plans to issue formal guidance.
The HUD Exchange information is at: http://bit.ly/2s5BWCs.