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Financial Services Law Insights and Observations

HUD Finalizes Rule on Affirmatively Furthering Fair Housing

HUD Fair Housing Agency Rule-Making & Guidance

Consumer Finance

On July 8, HUD issued a final rule aimed at helping communities who receive HUD funding meet their fair housing obligations to provide affordable housing in more communities. The rule equips grantees with various new data and tools to better analyze the state of fair housing within their communities, and assist grantees in setting locally-determined benchmarks. The rule also requires new reports from local communities detailing how HUD funds will be allocated, and provides a phase-in period for grantees to adapt to the new requirements. In conjunction with the issuance of the final rule, HUD also released an Executive Summary, a fact sheet, and FAQs to provide greater clarity and support to grantees.