NSP FAQ
Q

If NSP program income is transferred to the Community Development Block Grant (CDBG) program and used for a CDBG homeowner assistance program activity for down payment with a recapture provision, if the homeowner defaults, are the funds considered NSP or CDBG when they are returned?

Date Published: July 2016

Print ShareThis

A

Once NSP funds are transferred into a CDBG program, they will always be CDBG funds and subject to all CDBG requirements (but not NSP requirements).


Tags: NSP Financial and Grants Management - Program Income

FAQ ID:

2836