ESG FAQ
Q

The interim rule states that match funds must be “provided” after the date HUD signs the grant agreement. What does this mean? 

Date Published: February 2015

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A

For cash match, “provided” means when the funds are expended (or when the allowable cost is incurred). For in-kind match, it is the date the service (or other in-kind match source) is actually provided to the program or project. Remember that ESG matching funds must be expended within the same expenditure deadline that applies to the ESG funds being matched (i.e. the 24-month deadline). Non-cash contributions must be made within the expenditure deadline.


Tags: ESG Program Requirements - Match

FAQ ID:

1841