What information should be included in the agency’s Proposed Annual Housing Counseling Budget?
Date Published: October 2015
The budget must show sufficient funds to run the housing counseling program for 12 months. The housing counseling budget revenue includes grant income, sub-recipient program income, other program income (e.g., Neighborhood Stabilization Program Funds), and in-kind contributions that require documentation, such as commitment letters. The housing counseling budget expenses typically consist of counseling program salaries, fringe benefits and a minimum amount of operating and administrative expenses.