Date Published: February 2015
With grant programs such as NSP, grantees are still required to submit reports on the use of program income (PI) and document the affordability periods for certain properties funded under the NSP program after closeout. When grants are closed HUD will have the option of selecting the grant status “Closed with PI Active” and also changing the report cycle from quarterly to annual.
After the Grant is “Closed with PI Active” the system generates a new performance report with type of “Closeout.” The Reporting Period is displayed for each period. “*” next to the reporting period depicts that the actual reporting does not match the reporting period. The actual reporting period is displayed when the mouse is hovered over the “*” symbol.