Housing Counseling FAQ
Q

If a Housing Counseling Grantee’s Negotiated Indirect Cost Rate Agreement (NICRA) has expired, can the grantee still submit a drawdown request while waiting for approval of a new NICRA?

Date Published: May 2017

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A

Yes, while waiting for approval of a new NICRA, grantees may submit a drawdown request along with documentation of the new rate submitted for approval. The lower of the two rates (expired NICRA and NICRA pending approval) will be applied until such time the new NICRA is approved.


Tags: Housing Counseling Program Reimbursements

FAQ ID:

3223