• Data and Limits

FY 2015 HOME Match Historical Information

Date Published: February 2016

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Description

FY 2015 HOME Match Reductions - as of February 4, 2016

This list includes match reductions granted for FY 2015 due to fiscal distress, severe fiscal distress, and Presidential disaster declarations. For those HOME PJs with both fiscal distress and Presidential disaster match reductions, the PJ may take the higher match reduction for the current fiscal year.

Note: Since match reductions due to major Presidential disaster declarations are requested by PJs and granted by field offices at any time during the fiscal year, this list will be updated as needed.

Local Jurisdictions
When a local jurisdiction meets one of the distress criteria, it is determined to be in fiscal distress and receives a 50 percent reduction of match. If a local jurisdiction satisfies both of the distress criteria, it is determined to be in severe fiscal distress and receives a 100 percent reduction of match.

  • FY 2015 Calculations
    • FY 2015 family poverty rate and per capita income (PCI) income were based on data obtained from the ACS 2007-2011 5-Year Estimates from Census. These were the latest data available at the time.
    • For a jurisdiction to qualify as distressed based on the poverty criterion, its percent of families in poverty must have been at least 14.08 percent, which is 125 percent of the average national rate for families in poverty of 11.26 percent.
    • For a jurisdiction to qualify as distressed based on the PCI criterion, its average PCI must have been less than to $20,885, which is 75 percent of the average PCI of 27,846.

State Jurisdictions
For a state to qualify under the personal income growth rate criterion, the state's rate must be less than 75 percent of the average national personal income growth rate during the most recent four quarters.

  • FY 2015 Calculations
    • The FY 2015 personal growth rate was based on data received from the beginning of the second quarter of 2013 to the end of the second quarter of 2014. These were the latest data available at the time.

For a state to qualify as distressed based on the personal income growth rate, the state per capital income growth rate must have been less than 3.04 which is 75 percent of the average national personal income growth rate of 4.05.

View the HOME Match topic page for data for all fiscal years, policy guidance, guidebooks, and templates and forms.


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