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.

Vol. 5, No. 1 : March, 2013
Topic: This issue of HOME FACTS explains how IDIS treats open HOME activities that have been in final draw for more than 120 days and describes a HOME PJ’s responsibilities regarding these activities.

Vol. 4, No. 2 : December, 2012
Topic: This issue of HOME FACTS explains how to create a PA (program income for administration) subfund and subgrant PI (program income) in the Integrated Disbursement and Information System (IDIS).

Vol. 4, No. 1 : January, 2012
Topic: This issue of HOME FACTS explains how to change the tenure type of HOME Homebuyer activities to HOME Rental activities in IDIS OnLine.
 

Vol. 3, No. 2 : September, 2010
Topic: This issue of HOME FACTS explains the recent addition of two HOME program certifications to IDIS OnLine. The certifications were added to IDIS OnLine in response to recent HUD Office of Inspector General (OIG) internal audits of the HOME program related to project commitments and the disbursement of program income. These audits found significant problems related to the set-up of projects in IDIS before a written agreement was signed and with failure to report program income and expend program income before drawing funds from the Federal HOME account.

Vol. 3, No. 1 : June, 2010
Topic: This issue of HOME FACTS announces and explains an important change in HUD's treatment of HOME activities with commitments in the Integrated Disbursement and Information System (IDIS) that are over 12 months old with no funds disbursed.

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.

Vol. 1, No. 3 : September, 2008 (Revised July, 2010)
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 (Revised September, 2011)
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 specific grants to reflect changes in draws when funds are repaid. All other previous guidance is obsolete.