Housing and Urban Development Department
The Department of Housing and Urban Development (HUD), through this notice, solicits comment on the Department's proposed methodology for deriving an Inflationary Factor from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). This factor will be used to adjust certain values pursuant to a requirement established in the Housing Opportunity Through Modernization Act of 2016 (HOTMA) that such values be adjusted annually by inflation.
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Department of Housing and Urban Development [Docket No. FR 6449-N-01] AGENCY: Office of the Assistant Secretary for Community Planning and Development, Office of the Assistant Secretary for Housing—Federal Housing Commissioner, Office of the Assistant Secretary for Public and Indian Housing, HUD. ACTION: Notice; request for comment. SUMMARY: The Department of Housing and Urban Development (HUD), through this notice, solicits comment on the Department's proposed methodology for deriving an Inflationary Factor from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). This factor will be used to adjust certain values pursuant to a requirement established in the Housing Opportunity Through Modernization Act of 2016 (HOTMA) that such values be adjusted annually by inflation. DATES: Comment due date: May 17, 2024. If HUD receives adverse comment that leads to reconsideration of this proposed methodology, then HUD will notify the public via a revised notice following the close of the comment period. Applicability date: The terms of this notice are applicable to income determinations with an effective date on or after January 1, 2025, unless HUD receives comment that would lead to the reconsideration of its proposed methodology. HUD will publish both the Inflationary Factor and the Revised Amounts in August of each year to be used for the following calendar year. ADDRESSES: Interested persons are invited to submit comments on the proposed methodology. C…
Citation: 89 FR 27440
