NSP FAQ
Q

Will HUD waive or extend deadlines for meeting the Community Development Block Grant (CDBG) 1.5 ratio due to an influx of NSP program income transferred into the CDBG program? Will HUD at least permit the transfer, understanding that it will impact the 1.5 ratio compliance as long as the Grantee submits a Plan indicating how it will address the issue?

Date Published: July 2016

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A

HUD will take into account the timing and amount of program income transfers when evaluating timeliness, but HUD will not allow large balances to remain in the CDBG accounts indefinitely.


Tags: NSP Financial and Grants Management - Program Income

FAQ ID:

2863