The memo describes pending system and regulatory changes in IDIS that will significantly impact the administration of the CDBG, HOME, ESG, and HOPWA block grant programs. HUD OIG and OMB have determined that the First-In-First Out accounting methodology used by IDIS does not comply with federal financial standards. In addition, the Government Accountability Office is requiring a change to the way that HOME commitments are calculated.
The purpose of this memorandum is to outline the Office of Community Planning and Development's (CPD) policy for processing requests for voluntary grant reductions to resolve findings of noncompliance.
On June 1, 2007, the Office of Affordable Housing Programs (OAHP) issued HUD Notice CPD 07-06, Commitment, CHDO Reservation, and Expenditure Deadline Requirements for the HOME Program, superseding HUD Notice CPD 01-13. The purpose of this memo is to highlight some of the most significant changes between the two Notices.