HUD Issues Guidance on Revolving Funds under NSP
Revolving funds (also referred to as revolving loan funds or RLFs) can be useful tools in managing the flow of program income (PI). Although they are a common part of many grantees' CDBG programs, questions remain about their use under NSP. This guidance serves to clarify the role of revolving funds, address issues specific to NSP, and provide resources for additional assistance. View the guidance.