NSP FAQ
Q

Can I transfer NSP program income on hand now so that I can access my line of credit funds, but retain program income earned in the future for NSP purposes? Or must all program income go to Community Development Block Grant (CDBG) once the transfer option is selected?

Date Published: July 2016

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A

Use of the program income transfer option is voluntary. The grantee has the option of identifying which present and future NSP to transfer or not. HUD does expect the decision, once HUD grants permission, to be final for the identified amounts and any future sources. HUD strongly cautions grantees against choosing a transfer approach that involves multiple permissions from HUD as the staff resources are limited and processing delays could result.


Tags: NSP Financial and Grants Management - Program Income

FAQ ID:

2864