Implementation Tracker

Publish a Federal Register notice with the latest CDBG-DR unmet-need formula allocation methodologies and solicit public comment on them (new HCDA §124(a)(4)).

Issued three days late: HUD published the notice at 91 FR 52314 on Aug 13, 2026 (Docket FR-6337-N-02). It keeps the January 2025 formula in place for now and asks nine questions; comments are due Sep 14, 2026 (regulations.gov docket HUD-2022-0084). This is the only Federal Register document so far that formally implements a provision of the Act — though not for long: the FDIC Board approved an interim final rule implementing §902 on August 27, 2026, which awaits Federal Register publication.

Local GovHFAsDevelopers

Notify every eligible CDBG recipient of its "housing growth improvement rate" and whether it is above, at, or below the median, and share best-practice guidance on reducing regulatory barriers (Build Now Act).

No public HUD announcement or CPD notice yet. Notifications may go directly to grantees, so absence from the public record does not prove they have not been sent. The allocation adjustments themselves take effect "beginning with the third full fiscal year after the date of enactment" (§213(e)(2)) — on a plain count from a July 11, 2026 enactment that is FY2029, which begins October 1, 2028. Some summaries read it as FY2030; the open-questions list tracks the disagreement.

Local GovHFAs

New CDBG certification takes effect: each grantee must maintain a publicly accessible, searchable database of all undeveloped land it owns. HUD (CPD) will need to fold the requirement into grantee certifications and monitoring.

No CPD guidance on the database requirement has been published as of late August 2026.

Local GovDevelopers

Each receiver or federal monitor currently overseeing a covered public housing agency delivers a written assessment of its management and oversight activities to House Financial Services and Senate Banking (first one due Oct 1, 2026, then annually).

Recurring annual requirement placed on receivers and monitors, not on HUD itself. No HUD guidance on format has been issued.

PHAs

HUD must require each covered public housing agency to send an annual notice stating whether a receiver or Federal monitor remains appointed as of October 1, the date the appointment began and its projected end date, and the identity of the current receiver or monitor (§805(b)).

The duty to require the notice sits with HUD; the duty to file it sits with the PHA. No PIH guidance on form, content, or filing date has been issued. Note that "covered" is past tense in §805(a)(1) — a PHA "for which" a receiver or Federal monitor "was appointed" — so an agency that has since exited receivership may still owe the notice.

PHAs

Report to House Financial Services and Senate Banking on how quickly USDA decides Section 502 and 504 loan and grant applications, with justifications for eligibility determinations that take longer than 90 days and recommendations to shorten timelines (§502(s)).

No public record of the first report as of late August 2026. The series is self-extinguishing: §502(s)(2)(B) ends it once USDA has, over the preceding 5-year period, made every eligibility determination within 90 days.

Rural & TribalLenders

Set eligibility criteria for PHAs and owners to join the temperature sensor pilot, define "temperature-related complaints" and "temperature-related violations," and set standards for protecting personally identifiable information collected in the pilot.

Nothing published. The pilot itself sunsets three years after enactment (July 11, 2029) and depends on appropriations; §1202 authorizes no new money.

PHAsAdvocates

Complete a review of how Build America, Buy America (BABA) applies to HOME-assisted activities; issue updated guidance within 90 days after the review; report to Congress by the 270-day mark (§501(m)).

No CPD announcement. Follow-on: updated guidance 90 days after the review; report due Apr 7, 2027.

HFAsDevelopersLocal Gov

Publish an advance notice of proposed rulemaking and consult stakeholders for the new Housing Preservation and Revitalization Program (new Housing Act of 1949 §545); an interim final rule follows by the one-year mark.

No RHS ANPRM has appeared in the Federal Register as of late August 2026.

Rural & TribalDevelopersHFAs

Submit the first comprehensive annual report to Congress on every Moving to Work cohort (administrative plans, longitudinal data, use of flexibilities). Only after this report may HUD add up to 25 high-performing PHAs to the new Economic Opportunity and Pathways to Independence Cohort.

No PIH notice on the new cohort yet; the most recent PIH notices (through PIH 2026-23, issued August 28, 2026) do not cite the Act — including Notice PIH 2026-22 (August 25, 2026), a Moving to Work notice on excess-reserve offsets that rests on appropriations law, not §505.

PHAs

HUD, USDA, and VA jointly report to Congress on opportunities to collaborate and reduce inefficiencies across their housing programs, including laws and regulations that get in the way (HUD-USDA-VA Interagency Coordination Act). Under §801(b)(2) the report must first be published in the Federal Register for a 30-day comment period before it is submitted.

Joint report; nothing announced by any of the three departments. Watch for the draft in the Federal Register — the required 30-day comment window before submission is a public-engagement moment that has to open before January 7, 2027.

Rural & TribalVeterans & HomelessnessPHAs

HUD and USDA sign a memorandum of understanding to evaluate categorical exclusions, designate a lead agency and streamline adoption of each other’s environmental reviews, and study a joint physical inspection process for jointly funded housing (Streamlining Rural Housing Act).

No MOU announced. A follow-up report with recommendations is due July 11, 2027.

Rural & TribalDevelopers

The Title X restriction on large institutional investors purchasing single-family homes takes effect, along with the related requirements in §1001(b) and (d). Enforcement is by Treasury (or the Attorney General at Treasury’s request); HUD runs the renter outreach resource and receives investor notifications. The restriction is repealed 15 years after the effective date (Jan 7, 2042).

No implementing guidance from HUD, Treasury, or DOJ yet. HUD’s Aug 10, 2026 loan-sale notice is the first operational reference: bidders must attest that purchases will not result in acquisitions prohibited by Title X.

LendersDevelopersAdvocatesHFAs

Stand up a renter outreach resource: a toll-free number and public website where renters of homes owned by large institutional investors can report disputes and potential violations of federal law, with referral to state authorities.

No hotline or website announced as of late August 2026.

Advocates

Each large institutional investor notifies HUD whether it meets the statutory definition and reports how many single-family homes it controls and where (city and state), unless it owns 10 or fewer homes in a city. First notice at 180 days, then every Dec 31.

Obligation sits with investors; HUD has not published a form or submission channel yet.

LendersDevelopers

By regulation or order, require Fannie Mae and Freddie Mac to add a disclosure under the military service question on the Uniform Residential Loan Application: "If yes, you may qualify for a VA Home Loan. Consult your lender regarding eligibility."

No FHFA rule or order yet. A July 26, 2026 letter from Sens. Warren and Schumer urged the FHFA Director to prioritize the ROAD directives.

LendersVeterans & Homelessness

Require the Enterprises to place a military service question ("Yes," "No," "Prefer Not To Answer") above the signature line of the URLA, and issue a rule to carry out the amendment (VALID Act).

No FHFA rulemaking yet. The companion FHA piece, adding a VA-loan comparison to the Informed Consumer Choice Disclosure, has no statutory clock and is "under evaluation" per FHA INFO 2026-18.

LendersVeterans & Homelessness

Conduct a study and publish a report to Congress on the Section 521 rental assistance and interest-subsidy program, including totals paid to Section 502 borrowers.

Not yet published.

Rural & TribalHFAs

After consulting FEMA, SBA, and other agencies, publish proposed rules to carry out the new HCDA §124 CDBG-DR authorization (a 3-year program that sunsets July 11, 2029) with a 90-day public comment period; final rules follow at the one-year mark.

The Aug 13, 2026 formula notice says HUD will keep using the January 2025 formula until it publishes an updated notice or completes rulemaking. No NPRM yet.

Local GovHFAsDevelopers

FDIC reports to House Financial Services and Senate Banking on its study of reciprocal deposits, including benefits and potential risks (Keeping Deposits Local).

The 6-month report to Congress is still pending, but §902 rulemaking has begun: on August 27, 2026 the FDIC Board approved an interim final rule implementing the section’s reciprocal-deposit amendments — a tiered, liability-based exclusion from brokered-deposit treatment of up to $30 billion and a broader "agent institution" definition — with comments due 30 days after Federal Register publication.

Lenders

Issue a mortgagee letter or guidance implementing the new FHA appraiser eligibility rules (licensed as well as certified appraisers, trainee flexibility), spelling out requirements and a way for appraisers to show prior compliance. The guidance must take effect within 180 days of issuance.

FHA INFO 2026-18 (Aug 12, 2026) says ROAD provisions are "under evaluation" and were not included in the latest Handbook 4000.1 update.

Lenders

Publish a report assessing the feasibility, costs, benefits, and risks of a public, searchable appraisal-level database consolidating data held by FHFA, the Enterprises, HUD/FHA, USDA, and VA (Appraisal Modernization Act).

No GAO product citing the Act yet.

Lenders

Submit a public annual report to Congress aggregating disputes received through the renter outreach resource and the investor notifications HUD receives (anonymized). Date shown is the first March 31 after the effective date.

Recurring; depends on the outreach resource and notification channel being live first.

Advocates

Report to Senate Banking and House Financial Services on loan originator compensation practices across the mortgage market, including how originators are paid on small-dollar loans.

No CFPB action citing the Act as of late August 2026.

Lenders

In consultation with HUD and FHFA, evaluate how the thresholds under Regulation Z §1026.43 affect originations of small-dollar mortgages (under $100,000). The section heading points at points and fees; the operative text is not limited to them.

Not started publicly.

Lenders

Report to House Financial Services and Senate Banking on the results of the BABA-for-HOME review and the updated guidance issued (§501(m)(3)).

Follows the 180-day review (Jan 7, 2027).

HFAsDevelopers

The FHA Commissioner may establish a small-dollar mortgage pilot (e.g., direct payments to lenders); annual reports begin one year after establishment; the pilot sunsets four years after it starts, and the authority to newly establish one expires three years after enactment.

Discretionary ("may establish"), and no funds are authorized — so there is no mandatory clock here, only a window. FHA lists ROAD provisions as "under evaluation" (FHA INFO 2026-18), which does not tell us whether this pilot is among them.

Lenders

Establish a competitive grant program for planning and implementation activities associated with affordable housing (not construction). The program sunsets five years after enactment.

Not established; no appropriation identified. Watch FY2027 THUD.

Local GovHFAsDevelopers

Establish the Innovation Fund: competitive grants to eligible entities that have increased local housing supply, with a public list of eligible entities. The program sunsets seven years after enactment; $200 million per year is authorized for FY2027-FY2031.

Not established. Whether Congress appropriates the authorized amount for FY2027 is unknown as of late August 2026.

Local GovHFAsDevelopers

States submit an initial certification that their laws treat manufactured homes without a permanent chassis in parity with chassis-built homes (financing, title, insurance, manufacture, sale, taxes, transportation, installation); HUD publishes and maintains a Federal Register and website list of states that are current. States with biennial legislatures get two years.

This is the date that carries a real consequence: under new NMHCSSA §604(i)(5)(B), a State that fails to certify must itself prohibit the manufacture, installation, or sale of covered chassis-less manufactured homes within the State. No HUD certification form or guidance to states yet, and HUD has not said how it will reconcile its June 12, 2026 proposed rule (which lifted the chassis requirement only for upper floors) with §301.

HFAsLocal GovDevelopersLenders

Adopt minimum energy efficiency standards for manufactured homes through the consensus committee process, then update them at least every three years.

Not issued.

DevelopersLenders

Publish a report on barriers to modular construction in FHA construction financing programs, then start a rulemaking on an alternative draw schedule within 120 days of the report (Modular Housing Production Act).

FHA lists ROAD provisions as "under evaluation" (FHA INFO 2026-18); no report yet.

DevelopersLenders

Develop or choose one or more methods for indexing Title I manufactured home loan limits (the pre-Act method applies in the interim), and separately study and report to Congress on the cost effectiveness of offsite (manufactured and modular) construction.

Under evaluation per FHA INFO 2026-18; nothing issued.

LendersDevelopers

Issue two HOME rules: one carrying out the new infrastructure eligibility (§501(e)) and one on environmental review coordination and recognition of prior reviews for infill projects (§501(l)).

No ROAD-specific rulemaking has been announced. A vehicle already exists, though: HUD has an open HOME rulemaking — Docket FR-6144 / RIN 2506-AC50, most recently a proposed rule at 91 FR 23194 (Apr. 30, 2026), carried in the 2026 Unified Agenda at final-rule stage — which is the obvious place to carry the §501(e) and §501(l) rules. Because it is at final-rule stage its comment window has closed, so if HUD uses it the public may not get another opportunity to comment. Whether HUD intends to is unknown.

HFAsDevelopersLocal Gov

Publish an interim final rule to carry out the Housing Preservation and Revitalization Program (new Housing Act of 1949 §545), following the 180-day ANPRM.

Not issued.

Rural & TribalDevelopersHFAs

Report to Congress on how outdated Rural Housing Service technology affects program participants, and estimate the funding and staff needed to modernize it (§502(j)).

Pending.

Rural & Tribal

Issue final regulations for the 3-year CDBG-DR program (HCDA §124). The §124 program itself sunsets three years after enactment (July 11, 2029) unless Congress acts.

Depends on the Jan 11, 2027 NPRM and its 90-day comment period.

Local GovHFAs

HUD and USDA jointly report to Congress with recommendations for legislative, regulatory, or administrative actions to improve efficiency of housing programs, following the 180-day MOU.

Not issued.

Rural & TribalDevelopers

Report initial findings to Senate Banking and House Financial Services from the study of work requirements that certain Moving to Work agencies implemented before enactment (benefits, challenges, and effects on residents and PHA capacity) — but only if HUD first makes the §803(b) determination.

Conditional, not automatic: §803(a)(1) opens "Subject to subsection (b)," and §803(b) applies the requirement only if the Secretary determines that (1) enough public housing agencies implemented work requirements before enactment for the impact to be rigorously evaluated, and (2) the study would not negatively impact low-income families. HUD has announced no determination either way, and nothing has been issued.

PHAsAdvocates

Deliver four GAO reports: obstacles to affordable housing for middle-income households; options to improve housing for elderly and disabled persons (Section 202/811); how many homes and public housing units sit within one mile of a Superfund NPL site; and a definition and analysis of residential heirs property.

Pending; no GAO product citing the Act as of late August 2026.

PHAsAdvocatesDevelopers

Require each covered PHA (one under a federal receiver or monitor) to post on its website details of every contract from the prior year: goods and services, vendor, solicitation date, bids and quotes, and the soliciting official.

No PIH guidance yet.

PHAs

Each federal financial institutions regulatory agency reports to Congress and posts publicly on actions taken to review capital-raising restrictions for de novo institutions, and publishes information on how to request or serve as a de novo mentor.

Not issued. FDIC FIL-48-2026 (Aug 10, 2026) revised de novo application procedures but cites only the FDI Act, not the ROAD Act. A stakeholder engagement plan is due at the two-year mark.

Lenders

Federal banking agencies jointly report to Congress on their study of why so few de novo banks formed over the past decade, how to promote new banks in underserved areas, and how de novo, rural, CDFI, and minority institutions can use the Community Bank Leverage Ratio (Promoting New Bank Formation).

Not issued. A separate joint study report is due Dec 31, 2031.

Lenders

Federal banking agencies jointly report to Congress on rural depository institutions, and NCUA reports separately on rural credit unions, including de novo formation in rural areas.

Not issued.

LendersRural & Tribal

Issue guidelines with model code language, best practices, and technical guidance to help states, territories, Tribes, and localities permit point-access block (single-stair) residential buildings.

Nothing announced. The related grant program in §102 sunsets seven years after enactment.

Local GovDevelopers

Study and report to Congress on whether fewer than 80 percent of lenders using the URLA have included the VA-loan disclosure required by new §1329.

Pending; depends on FHFA acting first (Jan 11, 2027).

LendersVeterans & Homelessness

OCC and the Federal Reserve Board each report to Congress (every two years) on public welfare investments made by national banks and state member banks under the raised 20 percent cap.

Recurring biennial report; the cap increase itself is self-executing.

LendersDevelopers

Begin five years of annual reports to Congress on reductions in environmental review times and administrative costs from the streamlining actions in §206, with recommendations on categorical exclusions. The reclassification actions themselves require notice-and-comment rulemaking (24 CFR Parts 50/58) with no fixed statutory date.

No Part 58 NPRM published as of late August 2026.

DevelopersLocal GovHFAs

Issue regulations creating a process to adjust Rural Development (Section 542) voucher amounts after issuance following an interim or annual review, including tenant-requested recalculation after an income drop.

Not issued.

Rural & TribalAdvocates

During the two years after enactment, the Assistant Secretary for Policy Development and Research must (A) publish draft zoning-framework guidelines and best practices in the Federal Register for public comment and (B) establish a task force — urban planners, architects, affordable, market-rate, manufactured and cooperative housing developers, public housing agencies, transit authorities, State officials, academics, home builders, and community-engagement experts.

The clock is running now, and this is the public’s comment opportunity on the zoning guidelines — the draft must go in the Federal Register before the final guidelines are due in July 2029. No task-force announcement or draft notice as of late August 2026.

Local GovDevelopersAdvocatesHFAs

Each federal financial institutions regulatory agency submits its state and stakeholder engagement plan for de novo formation to Congress, then every five years.

Not issued.

Lenders

Build Now Act CDBG allocation adjustments (bonuses and reductions tied to housing growth improvement rates) begin with the third full fiscal year after enactment (FY2029) and run through FY2043; they do not apply to funds appropriated before enactment.

The statute says the adjustments "shall take effect beginning with the third full fiscal year after the date of enactment" (§213(e)(2)). Enactment falls in FY2026, so FY2027 is the first full fiscal year after it, FY2028 the second and FY2029 the third — the date shown is the start of FY2029. Some summaries read it as FY2030; the open-questions list tracks the disagreement, and no HUD document takes a position.

Local GovHFAs

GAO and HUD (with Treasury, RHS, VA Loan Guaranty, SEC and others) each report on the impact of large institutional investor ownership on availability and affordability and on the effectiveness of the purchase restriction; repeated at the 10-year mark.

Computed from the Jan 7, 2027 effective date.

AdvocatesLendersDevelopers

The Assistant Secretary for Policy Development and Research publishes guidelines and best practices for state and local zoning frameworks; a report to Congress on adoption follows five years after the final guidelines.

The final guidelines are the end of a process whose first stage is already running — see the two-year draft-guidelines and task-force obligations under §107(b)(2).

Local GovDevelopers

The FHA Commissioner reports to Congress on the study of multifamily loan limits and their effect on production (Housing Affordability Act).

The loan-limit changes themselves are under evaluation at FHA (FHA INFO 2026-18).

DevelopersLenders

The prohibition on the Federal Reserve issuing a central bank digital currency (directly or through an intermediary) stays in force until its statutory sunset.

Self-executing prohibition with a fixed sunset; no agency action required.

Lenders

On written request from House Financial Services or Senate Banking, the HUD Inspector General delivers an analysis of a covered PHA: compliance with its HUD agreements, actions of the receiver or monitor and any private development partners, physical conditions and health-and-safety compliance, allegations of waste, fraud or abuse, and recommendations (§805(e)).

Request-triggered, so there is no date until a committee asks. No public record of any such request as of late August 2026.

PHAsAdvocates

Revise the Manufactured Home Construction and Safety Standards, through the consensus committee process, to cover manufactured homes built without a permanent chassis (new NMHCSSA §604(a)(7)).

The Act sets no date for this rulemaking, but the chassis-less definition is already in force — so the standards a chassis-less home must meet are, for now, unwritten. Nothing has been proposed.

DevelopersLendersHFAs

Update the RAD Notice and program materials for the higher unit cap (555,000), permanent authority, the mandatory tenant lease and management-plan addendum, and the annual assessment HUD must publish. No statutory deadline; the cap change is self-executing.

No RAD Notice revision as of August 29, 2026: the most recent substantive item on HUD’s RAD notices page is Supplemental Notice 4C (H-2025-01/PIH-2025-03), dated January 16, 2025.

PHAsDevelopers

Issue PIH guidance and conforming 24 CFR 982 changes for the Choice in Affordable Housing Act inspection provisions (reliance on recent LIHTC/HOME/RHS inspections, pre-approval inspections for new landlords, remote inspections in rural and small areas). No statutory deadline.

Notice PIH 2026-18 (July 15, 2026) revises, updates and finalizes the voucher NSPIRE administrative procedures — and announces that the NSPIRE-V demonstration application "has been decommissioned and is no longer available for any PHA" and that HUD "paused any development of a software program of its own." It does not address §405. The NSPIRE-V compliance date remains Feb 1, 2027.

PHAsDevelopers

Send Congress monthly reports on the MMI Fund capital ratio and notify Congress as soon as practicable if the Fund falls below the required ratio.

Reports go to Congress; whether FHA has begun is not visible in the public record.

Lenders

Report to the President and Congress every year on the status of the national homelessness plan and any modifications, and testify annually before Congress if requested.

Recurring; no USICH product citing the Act as of late August 2026.

Veterans & HomelessnessAdvocates