- HUD Guidance
Date Published: March 2015
This Notice includes information about significant changes made in 2 CFR part 200, and provides transition guidance and links to additional resource materials for HUD, its grant program stakeholders, and other recipients of Federal financial assistance from HUD. It also provides information regarding the purpose of 2 CFR part 200, which is to streamline the Federal government’s guidance on administrative requirements, cost principles, and audit requirements to more effectively focus Federal resources on improving performance and outcomes, while ensuring the financial integrity of taxpayer dollars in partnership with non-Federal stakeholders.
On December 26, 2013, the Office of Management and Budget (OMB) published (at 78 Federal Register 78590) final guidance on the above subject, which is codified at 2 CFR part 200. OMB and the Federal awardmaking agencies published a joint interim final rule implementing the final guidance as requirements for recipients of Federal financial assistance on December 19, 2014 (at 79 Federal Register 75871).OMB also made technical corrections to part 200.