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HOME FACTS is OAHP's Official Financial and Information Services Division newsletter for the HOME Program. Each HOME FACTS will address a topic related to HOME finance, such as HOME grants, deadline compliance, and repayments, or HOME computer systems processed in the Integrated Disbursement and Information System (IDIS). To view a particular newsletter, click on its corresponding volume and number.

2009

Vol. 2, No. 3 : May, 2009
Topic: This issue of HOME FACTS explains the process field office staff must follow to determine each participating jurisdiction’s (PJ’s) compliance with HOME’s commitment, CHDO reservation, and expenditure requirements both prior to and after the PJs deadline date, and provides timeframes for this review.

Vol. 2, No. 2 : February, 2009
Topic: The purpose of this issue of HOME FACTS is to notify all HOME participating jurisdictions (PJs) about the September 30, 2009, expiration of the right to draw down Fiscal Year (FY) 2002 HOME grant funds. As of that date, any unexpended balances in FY 2002 grants will be recaptured by the United States Treasury. This deadline and expenditure requirement has been established by the U.S. Treasury, and is in addition to the HOME program's regulatory 5-year disbursement requirement.

Vol. 2, No. 1 : January, 2009
Topic: This HOME FACTS specifies how HUD determines when a HOME participating jurisdiction’s (PJ's) 24-month commitment period begins and ends. Specifically, HUD must ensure that the date HUD executes a PJ's HOME Investment Partnerships Agreement (HUD-40093) and the date on the transmittal letter to the PJ are the same as its congressional release date, prior to forwarding the grant agreement to the PJ.

2008

Vol. 1, No. 3 : September, 2008
Topic: This issue of HOME FACTS explains how to use the Integrated Disbursement and Information System (IDIS) PR 27 Status of HOME Grants report to compute a participating jurisdiction’s (PJ’s) commitment requirement and total commitments; CHDO reservation requirement and total CHDO reservations; and expenditure requirement and total expenditures for the HOME Program.

Vol. 1, No. 2 : May, 2008
Topic: This issue sets forth the process to be followed by a PJ to request a reduction to its community housing development organization (CHDO) set aside in one or more years to an amount less than 15 percent of its HOME allocation in those years.

Vol. 1, No. 1 : April, 2008
Topic: The process for the repayment of funds expended on ineligible costs or activities to a HOME participating jurisdiction’s (PJ’s) HOME Investment Trust Fund Treasury Account. Instructions are also provided on making revisions in IDIS to reflect changes in draws when funds are repaid. The previous guidance found in IDIS Live Issue 45, November 2000, has outdated information.