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3-MO 3.83% +1bp 6-MO 3.98% unch 1-YR 4.08% +4bp 2-YR 4.28% +5bp 3-YR 4.34% +4bp 5-YR 4.45% +7bp 7-YR 4.59% +7bp 10-YR 4.75% +7bp 20-YR 5.28% +6bp 30-YR 5.27% +6bp 3-MO 3.83% +1bp 6-MO 3.98% unch 1-YR 4.08% +4bp 2-YR 4.28% +5bp 3-YR 4.34% +4bp 5-YR 4.45% +7bp 7-YR 4.59% +7bp 10-YR 4.75% +7bp 20-YR 5.28% +6bp 30-YR 5.27% +6bp 3-MO 3.83% +1bp 6-MO 3.98% unch 1-YR 4.08% +4bp 2-YR 4.28% +5bp 3-YR 4.34% +4bp 5-YR 4.45% +7bp 7-YR 4.59% +7bp 10-YR 4.75% +7bp 20-YR 5.28% +6bp 30-YR 5.27% +6bp 3-MO 3.83% +1bp 6-MO 3.98% unch 1-YR 4.08% +4bp 2-YR 4.28% +5bp 3-YR 4.34% +4bp 5-YR 4.45% +7bp 7-YR 4.59% +7bp 10-YR 4.75% +7bp 20-YR 5.28% +6bp 30-YR 5.27% +6bp 3-MO 3.83% +1bp 6-MO 3.98% unch 1-YR 4.08% +4bp 2-YR 4.28% +5bp 3-YR 4.34% +4bp 5-YR 4.45% +7bp 7-YR 4.59% +7bp 10-YR 4.75% +7bp 20-YR 5.28% +6bp 30-YR 5.27% +6bp 3-MO 3.83% +1bp 6-MO 3.98% unch 1-YR 4.08% +4bp 2-YR 4.28% +5bp 3-YR 4.34% +4bp 5-YR 4.45% +7bp 7-YR 4.59% +7bp 10-YR 4.75% +7bp 20-YR 5.28% +6bp 30-YR 5.27% +6bp
US Treasury par yield curve · Jul 31 · Source: U.S. Treasury
Saturday, August 1, 2026
U.S. Edition
Community Choice Demonstration

Almost 24 percent of voucher families offered mobility services moved to an opportunity area against 4 percent who were not, and HUD has cancelled the arm of the experiment that was meant to find a cheaper version

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Twenty percentage points is a very large effect for a housing programme.

An analysis of twelve months of data from the Community Choice Demonstration found that almost 24 percent of voucher families with children who were offered Comprehensive Mobility-Related Services moved to an opportunity area, against 4 percent of families in the control group. The sample was about 600 families and the result was preliminary. It reached HUD in 2024, and a notice filed for public inspection on Friday morning explains what the department did next.

It cancelled the second treatment arm.

The arm that will not be tested

The demonstration was designed in two phases. Phase 1 ran from 2022 and delivered the comprehensive services package, which addresses the obstacles that stop voucher holders reaching lower poverty areas: the money, the knowledge gaps, the reluctance of families to move and of landlords in those areas to take part, and the difficulty of staying once there. Phase 2 was to run from 2025 to 2028 and add Selected Mobility-Related Services, a second arm testing up to three smaller bundles drawn from the same suite, to find out whether a cheaper version would work nearly as well.

That is the question that will now go unanswered. HUD writes that in early 2025 it became concerned that adding the second arm could undermine the impact of the first and put too much pressure on sites that were already struggling, and it chose instead to improve the comprehensive package, add staff at sites that needed it and expand training.

The enrollment numbers explain the pressure. Between August 2022 and August 2024 the sites signed up about 3,200 families, which the notice puts at 67 percent of the target for that point.

Enrollment ended ten months early, and could have run to 2028

With one arm instead of two, HUD and its evaluation contractor recalculated the sample size the research questions actually require, and found it smaller. Study enrollment closed on 30 June 2026.

That date replaces two earlier ones. The 2020 implementation notice had agencies enrolling families through 30 April 2027, and guidance published in July 2024 allowed an agency to extend to 31 December 2027, or to 30 April 2028, at its own discretion to meet its enrollment commitments. Measured against the first of those the study closed ten months early. Measured against the furthest extension it closed twenty-two months early.

The money

Congress provided $50m for services and new vouchers across the 2019 and 2020 appropriations, with a further $3m under a separate heading for the evaluation itself. HUD awarded $45.7m to nine lead and four partner public housing agencies, split as $35.9m in service funding and $9.8m in payments funding for the Mobility Demonstration Vouchers.

Agencies have since withdrawn. HUD has recaptured roughly $7.4m of service funding and $3m of voucher payment funding, and it will reallocate about $7.4m on demonstrated need, taking year 6 budgets first. Each remaining site may still spend up to $80,000 a year on recruitment and enrollment staff time, even though the study-specific work of informed consent and baseline questionnaires has ended, because recruitment continues and the sites now have to monitor which families are embargoed.

The control group is the reason for the embargo. Until 1 October 2028, a participating agency is strictly prohibited from giving comprehensive mobility services to a family that was randomly assigned to the control group, so that the comparison holds to the end of the demonstration. The notice is signed by Benjamin Hobbs, assistant secretary for Public and Indian Housing.

The document: Department of Housing and Urban Development, Office of the Assistant Secretary for Public and Indian Housing, Section 8 Housing Choice Vouchers: Revisions to Study Enrollment, Treatment Arms and Funding Guidance for the Community Choice Demonstration, notice, Docket No. FR-6191-N-07, FR document 2026-15643, filed for public inspection on 31 July 2026 at 8:45 a.m. Eastern with a stated publication date of 3 August 2026. The complete public inspection text was downloaded and read in full here; no fetch-tool summary was relied on. Identifiers matched: billing code 4210-67; docket FR-6191-N-07; contact Ryan Jones, Director, Housing Voucher Management and Operations Division, Office of Public and Indian Housing, 451 7th Street SW, Washington DC 20415, (202) 402-2677, HousingMobility@hud.gov; signature Benjamin Hobbs, Assistant Secretary for Public and Indian Housing; foot of document reading [FR Doc. 2026-15643 Filed: 7/31/2026 8:45 am; Publication Date: 8/3/2026]. Figures and dates as verified in the text: the demonstration was authorised by section 235 of division G of the Consolidated Appropriations Act, 2019, Public Law 116-6, 133 Stat. 13, 465, codified at 42 U.S.C. 1437f note; that Act and the Further Consolidated Appropriations Act, 2020 provided a total of $50 million for services and new vouchers and $3 million under a separate heading for a research evaluation; HUD awarded $45.7 million to nine lead and four partner public housing agencies, comprising $35.9 million in service funding and $9.8 million in Housing Assistance Payments funding for Mobility Demonstration Vouchers; following several PHA withdrawals HUD has recaptured approximately $7.4 million in service funding and $3 million in HAP funding, and will reallocate approximately $7.4 million in service funding based on demonstrated need, prioritising year 6 budgets running 1 May 2026 to 30 April 2027, with year 7 through the end of the demonstration running 1 May 2027 to 1 October 2028. On the evaluation result as verified: HUD received preliminary results in 2024 from the CCD evaluation, and an analysis of 12 months of data showed that almost 24 percent of HCV families with children who received Comprehensive Mobility-Related Services moved to an opportunity area compared with 4 percent of HCV families in the control group, described in the document as a nearly 20 percentage point increase in the share of families moving to an opportunity area within 12 months of study enrollment, and stated to be based on a sample of about 600 families, with the Rapid Cycle Evaluation Report cited at https://www.huduser.gov/portal/publications/Rapid-Cycle-Evaluation-Report.html. On enrollment as verified: sites had enrolled about 3,200 families between August 2022 and August 2024, which the document states was 67 percent of the target for that point in time. On the cancelled arm as verified: phase 1 was to run 2022 to 2024 implementing Comprehensive Mobility-Related Services, phase 2 was expected to run a further three years from 2025 to 2028 adding a second treatment arm of Selected Mobility-Related Services testing up to three smaller bundles of services drawn from CMRS at lower cost, and in early 2025 HUD decided to drop SMRS out of concern that adding it could undermine the impact of CMRS and place too much pressure on sites already struggling to meet enrollment targets. On dates as verified: study enrollment ended 30 June 2026; that date supersedes the Implementation Notice at 85 FR 42890 (15 July 2020), which stated PHAs would enroll families through 30 April 2027, and the Additional Implementation Guidance at 89 FR 59144 (22 July 2024), which authorised extension through 31 December 2027 or 30 April 2028 at PHA discretion; service delivery tracking under the evaluation ends 31 December 2026; PHAs may begin signing up new families for CMRS outside the evaluation on or about 1 September 2026; PHAs are strictly prohibited until 1 October 2028 from providing CMRS to families assigned to the control group, stated to be to avoid contaminating the control group; participation is authorised through 1 October 2028, the statutory end date; each site is authorised to use up to $80,000 each year for staff time and expenses related to recruitment and enrollment; any Mobility Demonstration Vouchers not issued by 30 June 2026 will be recaptured, and a voucher issued before that date that expires without leasing may not be reissued; PHAs awarded funding for a Regional Project-Based Voucher Plan may withdraw from that optional component by request submitted before 1 May 2027 and only if not more than 60 percent of the awarded Regional PBV funds has been incurred; withdrawal from the demonstration requires a letter with an associated board resolution stating the key reasons and a proposed plan for mitigating the impact on participating families and landlords. Other notices cited in the document: 86 FR 558 (6 January 2021), 87 FR 19522 (4 April 2022), 88 FR 45458 (17 July 2023). The notice states it is categorically excluded from environmental review under 24 CFR 50.19(c)(4)..