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HUD/PIH RIN: 2577-AD15 Publication ID: Fall 2023 
Title: Housing Opportunity Through Modernization Act of 2016 – Capital Fund Replacement Reserve Funds (FR-6093) 

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: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 24 CFR 905   
Legal Authority: Pub. L. 114-201    130 Stat. 782   
Legal Deadline:  None
Action Date FR Cite
NPRM  05/00/2024 
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 
Agency Contact:
Robert Dalzell
Director, Office of Public Housing Investments
Department of Housing and Urban Development
Office of Public and Indian Housing
451 7th Street SW,
Washington, DC 20410
Phone:202 402-4216