Date Published: May 2017Print ShareThis
Notice CPD-17-04 covers the reporting requirements in the Integrated Disbursement and Information Online System (IDIS) for Section 108 Loan Guarantee recipients. Complete and accurate reporting in IDIS is essential for HUD to provide Congress and the public with information on program accomplishments and to provide oversight of the Section 108 Loan Guarantee Program. Pursuant to 24 CFR § 570.707, Section 108 funds are subject to the State and Entitlement CDBG program regulations, unless superseded. This includes reporting requirements applicable to States (24 CFR § 570.490) and Entitlement communities (24 CFR § 570.507). When Community Development Block Grant (CDBG) grantees, state assisted units of general local government in nonentitlement areas, or their designated public agencies issue debt obligations guaranteed by HUD through the Section 108 Loan Guarantee Program, HUD requires the CDBG grantee to use IDIS to track the use of Section 108 funds and report accomplishments related to Section 108 loan guarantees.
This notice provides a step-by-step overview for how grantees can ensure compliance with the reporting requirements for financial transactions and accomplishments for the eligible activities undertaken with Section 108 funds. Grantees should consult the IDIS Training Manuals for Entitlement Communities or State CDBG Grantees for additional detail and screenshots for the steps outlined.