On January 21, the Office of Information and Regulatory Affairs (OIRA) at the Office of Management and Budget (OMB) completed its review of the final NHTF regulations. The rule is now back at HUD, awaiting publication.
The same day the final rule is published in the Federal Register, HUD must submit a copy to the Senate and the House of Representatives. Congress may review the rule and may consider and pass legislation to overturn the rule, which the President may sign or veto. Such adverse action by Congress is extremely rare. Assuming the final NHTF rule clears any Congressional objections, the rule should take effect 60 days publication in the Federal Register.
Once a final rule is published, NLIHC will analyze it and prepare a report on its provisions, including any differences from the proposed rule.
Notice that OIRA completed review of the final NHTF rule is at
To review the proposed rule and NLIHC’s analysis of it, go to http://nlihc.org/issues/nhtf/regs.