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Ensuring CDBG Timeliness - HUD
Therefore, many timeliness issues and strategies discussed in this publication also apply to public agencies awar ded CDBG funds. 1 “HUD will consider an entitlement recipient to be failing to carry out its CDBG activities in a timely manner if,
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Is CDBG program income included in the timeliness test
The timeliness test, which is taken 60 days before the grantee's program year end date, includes available grant balances undisbursed by Line Of Credit Control System (LOCCS) and CDBG program income the grantee has on hand. This includes the program income that a grantee may have on hand in a revolving loan fund (RLF), referenced as "RL" funds in IDIS.
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What is timeliness in the CDBG Program? - HUD Exchange
A CDBG Entitlement grantee, in accordance with the CDBG regulations at 24 CFR 570.902, must have a balance no greater than one and one-half (1.5) times its annual grant remaining in the Line of Credit, 60 days prior to the end of the program year. HUD has a longstanding policy of reducing the next year's grant allocation of a grantee that ...
DA: 15 PA: 75 MOZ Rank: 97
CDBG Timeliness and Best Practices to Achieve Timely
timeliness for non-entitlement counties in Hawaii. For insular areas, HUD completes the same calculation, but the combined amount of program income and funds available in the line of credit cannot exceed 2.0 times the insular area’s grant amount. Let’s look to an example to illustrate how the timely expenditure calculation works.
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CDBG Timeliness and Best Practices to ... - HUD Exchange
Jun 19, 2018 · Check out this latest video from the Explore CDBG series of technical assistance products, CDBG Timeliness and Best Practices to Achieve Timely Performance, now available on the HUD Exchange. In this video, you will learn why it's important to adhere to the timely expenditure and distribution requirements of the CDBG program, how to correctly apply the timeliness calculation …
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CDBG Timeliness Bulletin - HUD Exchange
Note: This material is based upon work supported by funding under an award with the U.S. Department of Housing and Urban Development. The substance and findings of the work are dedicated to the public. Neither the United States Government, nor any of its employees, makes any warranty, express or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or ...
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The U.S Department of Housing and Urban Development
complying with HUD’s CDBG timeliness test, HUD officials did not always formally identify and notify grantees. In addition, HUD officials did not adequately document their rationale for not sanctioning untimely grantees. We attribute this deficiency to the untimely preparation of timeliness monitoring reports by HUD’s Entitlement Communities Division, a
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Keeping Your CDBG Funds Moving - HUD | HUD.gov / U.S
60-day test to reach the 1.5 standard defined in 24 CFR §570.902. You should run this re-port monthly. Moreover, you will need the attention and cooperation of almost all segments of the program staff to keep program funds moving. In fact, it helps to make awareness of how $ $ $ $ $ $ $ $ $ $ $ Keeping Your CDBG Funds Moving: Guidelines for Managing Your Overall
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