- CPD Notices
- HUD Guidance
Date Published: October 2004Print ShareThis
The purpose of This Notice is to clarify the states’ duties and responsibilities in regard to program income. Some confusion exists among states in this matter, due in large part to the fact that the regulations in Subpart I of 24 CFR 570 dealing with program income do not reflect statutory changes made in 1992, and thus are outdated. A proposed rule to update the regulations will eventually be issued; however, recognizing the need to inform field staff, grantees and state grant recipients, HUD has decided to issue this guidance.