HUD Issues Notice CPD-22-14: Closeout Instructions for CDBG Programs
HUD has released Notice CPD-22-14: Closeout Instructions for CDBG Programs.
This Notice replaces Notice CPD-14-02 and provides policy guidance and procedural instructions for CPD field offices and State and Entitlement grantees, Insular Areas, and Non-Entitlement counties in Hawaii on how to close out the following grants and loan guarantees authorized under the Housing and Community Development Act of 1974: annual formula Community Development Block Grant (CDBG); Section 108 Loan Guarantee program; CDBG Disaster Recovery (CDBG-DR); CDBG Mitigation (CDBG-MIT); CDBG National Disaster Resilience (CDBG-NDR); CDBG CARES Act (CDBG-CV); Neighborhood Stabilization Program (NSP) 1, 2, and 3; and Recovery Housing Program (RHP).
Grant closeout is a process that occurs when HUD determines that a grantee completes all applicable administrative and program requirements of a grant or loan guarantee. This Notice explains the readiness determination, criteria, and instructions for grant closeouts for all CDBG programs.
Consistent with the interim final rule, “Changes to Accounting Requirements for the CDBG Program,” 80 FR 69864, all CDBG grantees will now close out each grant, as provided in this Notice. This requirement replaces CPD’s prior policy, referenced in CPD Notice 14-02, that provided limited circumstances when an Entitlement CDBG grantee would close its grants.