• HOME Facts
  • HUD Guidance

HOME FACTS Vol. 7 No. 1: Receipt Fund Types in the HOME Investment Trust Fund Local Account: Program Income, Repayments, and Recaptured Funds

Date Published: February 2019

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Description

This issue of HOME FACTS explains and illustrates how to use program income (PI), repayments to the local account (IU), and recaptured homebuyer (HP) funds that are deposited in a Participating Jurisdiction’s (PJ’s) HOME Investment Trust Fund local account. This HOME FACTS also explains the impact of local account funds on committing and disbursing HOME Treasury account funds in IDIS, including changes due to the implementation of grant based accounting for fiscal year (FY) 2015 and subsequent years’ grants.

Updated: This issue was updated to reflect changes to how PJs must commit funds in their HOME Investment Trust Fund local accounts based on guidance in the HOME Program Commitment Requirement Interim Final Rule, published on December 2, 2016.

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Tags: HOME IDIS
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  • HUD
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