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HUD/PIH RIN: 2577-AD08 Publication ID: Spring 2018 
Title: ●Housing Opportunity Through Modernization Act of 2016 – Capital Fund Replacement Reserve Funds (FR-6093) 
Abstract:

The Housing Opportunity Through Modernization Act of 2016 (HOTMA) changed the U.S. Housing Act of 1937 to allow PHAs to establish replacement reserves to be used for Capital Fund-eligible purposes. This rule proposes to implement that provision, in addition to permitting small PHAs to accumulate capital funds under the statutory provision that allows for starting the 24-month time limit for obligation of funds on the date on which the PHA accumulates adequate funds to undertake capital activities.

 
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: 24 CFR 905   
Legal Authority: Pub. L. 114-201    130 Stat. 782   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/00/2018 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Local, State 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Related to 2577-AD03 
Agency Contact:
Danielle Bastarache
Deputy Assistant Secretary, Office of Public Housing & Voucher Programs
Department of Housing and Urban Development
Office of Public and Indian Housing
451 7th Street SW,
Washington, DC 20410
Phone:202 402-5264