• HOME Facts
  • HUD Guidance

HOME FACTS Vol. 1, No. 3: Using the IDIS PR 27 Status of HOME Grants Report to Compute Commitments

Date Published: April 2015

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Description

This issue of HOME FACTS explains how to use the Integrated Disbursement and Information System (IDIS) PR 27 Status of HOME Investment Partnerships (HOME) Grants report to compute a participating jurisdiction's (PJ's) commitment requirement and total commitments; CHDO reservation requirement and total CHDO reservations; and expenditure requirement and total expenditures for the HOME Program.

This guidance was originally published September 2008 and revised April 2015 to include the changes to the HOME Rule for the CHDO reservation and CHDO disbursement requirements.

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
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