• Data and Limits

FY 2021 HOME Match Reductions

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Date Published: July 2021

Description

FY 2021 HOME Match Reductions - as of July 2021

This list includes match reductions granted for FY 2021 due to fiscal distress, severe fiscal distress, Presidential disaster declarations, and reductions requested by HOME Participating Jurisdictions (PJs) due to the COVID-19 pandemic. These match reductions were made available to affected states and local jurisdictions through CPD Memo: Availability of Waivers and Suspensions of the HOME Program Requirements in Response to COVID-19 Pandemic, dated April 10, 2020. For those PJs with fiscal distress and Presidential disaster match reductions, the PJ may take the higher match reduction for the current fiscal year. PJs that requested a match reduction under the COVID-19 waiver received 100 percent reduction of their match liabilities for fiscal years 2020 and 2021.

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 2021 Calculations
    • FY 2021 individual poverty rate and per capita income (PCI) income were based on data obtained from the ACS 2014-2018 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 percentage of persons in poverty must have been at least 17.96 percent, which is 125 percent of the average national rate for persons in poverty of 14.37 percent.
    • For a jurisdiction to qualify as distressed based on the PCI criterion, its average PCI must have been less than $24,306 which is 75 percent of the average PCI of $32,409.

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 2021 Calculations
    • The FY 2021 personal growth rate was based on data received from the beginning of the first quarter of 2020 to the end of the first quarter of 2020. 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 capita income growth rate must have been less than 2.19 percent which is 75 percent of the average national personal income growth rate of 2.92 percent.

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