405-697-1789 [email protected]
Select Page

HUD’s final rule, issued on September 24, 2022, implements a grant-specific method of determining compliance with the HOME commitment deadlines. As HUD’s interim rule discussed, beginning with FY 2015 grants, a participating jurisdiction must select the grant year’s funds that will be committed to a specific project or activity.

When the participating jurisdiction requests a draw of grant funds for that project or activity, HUD, through IDIS, now disburses the specific grant year’s funds committed to that project or activity, rather than the oldest funds available.

This change requires participating jurisdictions to commit specific FY grant funds and for HUD to assess commitment deadline compliance on a grant-specific basis.

This methodology change addresses the timely commitment and expenditure of program income, repaid funds, recaptured funds, and funds committed for programs to be administered by State recipients and sub-recipients. Conforming changes are also made to the consolidated plan regulations concerning program income, repaid funds, and recaptured funds.

https://www.federalregister.gov/documents/2022/09/22/2022-20425/changes-to-home-investment-partnerships-home-program-commitment-requirement

Discover more from DeBruler, Inc.

Subscribe now to keep reading and get access to the full archive.

Continue reading