NSP FAQ
Q

If I transfer all NSP program income (PI) to the Community Development Block Grant (CDBG) program, does this mean the 25% Set-Aside requirement does not apply to the transferred PI regardless of thresholds (annual PI that does not exceed $25,000 and annual PI that exceeds $250,000)?

Date Published: July 2016

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A

That is correct because the former NSP program income is instead subject to all CDBG requirements, such as timely expenditures, income limits at 80% of Area Median Income, etc. The 25% set-aside amount is calculated on two figures:

  1. The original grant amount, and
     
  2. Any program income expended or obligated to date.

As long as that requirement has been satisfied, NSP requirements no longer apply to the transferred funds.


Tags: NSP Financial and Grants Management - Program Income

FAQ ID:

2844