7. Execute Closeout Agreement with HUD
Based on satisfactory information provided in the final QPR, HUD prepares the NSP Grant Closeout Agreement. Each Closeout Agreement is tailored to specific grantee conditions. HUD Field Offices follow their standard procedures for the grantee and HUD to sign the Closeout Agreement. The date that HUD executes this agreement is the official date that the grant is closed out. The grant shall be considered closed on the date that the appropriate HUD official executes the Closeout Agreement.