- Tools and Templates
Date Published: April 2011
This tool is designed to help HPRP grantees meet the spending requirements set forth in the American Recovery and Reinvestment Act legislation. As with all ARRA funds, HPRP grantees and subgrantees are required to spend funds quickly. HPRP grantees are obligated to expend 60 percent of their grant funds within two years of the date HUD signed the grant agreement, and 100 percent of the funds within three years. Grantees that do not meet these deadlines may have their funds recaptured by HUD. It contains a variety of financial management strategies that grantees and subgrantees can use to help accelerate program expenditure rates and avoid recapture of unspent funds.
Revised April 6, 2011. Previously revised December 6, 2010.
Disclaimer: All peer approved resources shared on the HUD Exchange have been provided by the organization that developed them. The documents have not been reviewed by HUD or its contractors for applicability, legality, or compliance with federal statutory and regulatory guidelines. The posting of these documents on the HUD Exchange is not intended as an endorsement of the documents by HUD or any of its contractors.
Please bear in mind that these documents were created by organizations based on their specific needs and objectives, and they may reflect local laws and policies. Grantees and their partners should go through their own process to develop policies and corresponding procedures that are appropriate locally and that are compliant with federal, state, and local law.