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HUD/PIH RIN: 2577-AD15 Publication ID: Fall 2024 
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 Public Housing Agencies (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
Timetable:
Action Date FR Cite
NPRM  03/00/2025 
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