• HUD Guidance

Changing Tenure Types from Homebuyer to Rental in HOME Projects

Date Published: September 2011

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Description

This fact sheet Changing Tenure Types from Homebuyer to Rental in Integrated Disbursement and Information System (IDIS) provides detailed instructions to participating jurisdictions (PJs) to assist them with the process of changing tenure types for HOME IDIS. For specific questions regarding processing HOME Investment Partnerships (HOME) activities in IDIS, contact the IDIS Technical Assistance Unit at 1-877-483-8282.

Note: This IDIS resource may not reflect grant based accounting requirements which HUD is implementing beginning with FY 2015 formula allocations. HUD has updated IDIS to phase out the first-in-first-out (FIFO) accounting methodology. These changes to IDIS ensure that formula funds are both committed and disbursed on a grant-specific basis, instead of using the FIFO (oldest money disbursed first) method that has been used for the Community Development Block Grant (CDBG), HOME, and Housing Opportunities for Persons With AIDS (HOPWA) Programs to date. Grant funds are already committed and disbursed on a grant-specific basis for the Emergency Solutions Grants (ESG) Program in IDIS. Funds from pre-2015 grants will continue to be committed and disbursed using the FIFO method.

Learn about grant based accounting requirements.

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Tags: HOME IDIS
Author Organization
  • HUD
Resource Approver
  • HUD Approved