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HUD/HUDSEC RIN: 2501-AD87 Publication ID: Spring 2018 
Title: ●Economic Opportunities for Low- and Very Low-Income Persons (FR-6085)  
Abstract:

This rule revises HUD's regulations which ensure that employment, training, and contracting opportunities generated by certain HUD financial assistance shall, to the greatest extent feasible, and consistent with existing Federal, State, and local laws and regulations, be directed to low- and very low-income persons, particularly those who are recipients of Government assistance for housing and to business concerns that provide economic opportunities to these persons. This rule was last revised to incorporate the statutory amendments of the Housing and Community Development Act of 1992. The rule proposes to align and integrate oversight and reporting by eliminating complaint and compliance review provisions in favor of program-specific mechanisms, thereby reducing burden. The rule also proposes opportunities to encourage the training of low- and very low-income persons to ensure the availability of a skilled workforce once the construction or renovation begins. Finally, it would establish thresholds at levels at which federal assistance effectively generates new economic opportunities, provide a mechanism to adjust thresholds over time, align requirements to typical recipients’ business practices to reduce burden, and clarify the obligations of covered recipient agencies.

 
Agency: Department of Housing and Urban Development(HUD)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Other 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 12 U.S.C. 1701u    42 U.S.C. 1450    42 U.S.C. 3301    42 U.S.C. 3535(d)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  07/00/2018 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Undetermined 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Merrie Nichols-Dixon
Deputy Director, Office of Policy Programs and Legislation
Department of Housing and Urban Development
Office of the Secretary
451 Seventh Street SW,
Washington, DC 20410
Phone:202 402-4673

Thomas R. Davis
Office of Recapitalization, Office of Housing
Department of Housing and Urban Development
Office of the Secretary
451 Seventh Street SW,
Washington, DC 20410
Phone:202 708-0001

Virginia Sardone
Office of Affordable Housing Programs, Office of Community and Development
Department of Housing and Urban Development
Office of the Secretary
451 Seventh Street SW,
Washington, DC 20410
Phone:202 708-2684