Cities get two more years to figure out new rules for housing aid
What happened
The US Department of Housing and Urban Development (HUD) is delaying new rules for how cities manage federal housing aid. Cities now have until 2026 to update their programs, instead of 2024.
Why it matters
The federal government gives billions of dollars to cities for housing programs. These programs help people pay rent, find shelter, and build affordable homes. New rules about how to count income and assets for these programs were supposed to start in 2024. This delay means cities have more time to adjust, but it also means the new rules will not help people for another two years.
The signal
Watch for how many cities choose to adopt the new rules early, between January 2024 and January 2026, which would indicate readiness or a desire to streamline operations.