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  1. Purpose. In 2023, HCD developed a Program Income Policy and Procedures designed to: Accurately document grantee Program Income amounts, . Establish a procedure for Grantees to report their receipts and balances, and . Document methods for establishing PI budgets in the system of record, in which Grantees can report their expenditure of PI.

  2. Program income is subject to the CDBG rules in perpetuity. Some examples of Program Income include: and. Payments of principal and interest on loans made using CDBG funds; Proceeds from sale or (long-term) lease of property purchased or improved with CDBG funds; Proceeds from the sale of obligations secured by loans made with CDBG funds.

  3. This manual is designed to help CDBG Entitlement subrecipients understand the Federal administrative requirements for using CDBG funds, and through this understanding, to help them improve their performance with respect to program objectives, permitted activities, and implementation procedures.

  4. In some cases, such as the national objective of limited clientele, community development grantees may choose to use a verifiable self-certification to document the annual income of beneficiaries for the Community Development Block Grant (CDBG) program.

  5. This chapter provides an overview of all of the requirements applicable to the financial management of the CDBG Program. Administrative and planning costs including those costs that are eligible under other categories of eligibility will be covered. CDBG policies and rules

  6. For penalties, the CRA will consider your request only if it relates to a tax year or fiscal period ending in any of the 10 calendar years before the year in which you make your request. For example, your request made in 2023 must relate to a penalty for a tax year or fiscal period ending in 2013 or later.

  7. 10 Ιαν 2024 · On January 10, 2024, HUD published a Proposed Rule in the Federal Register which would enable much needed revisions and updates to the requirements governing the Community Development Block Grant (CDBG) and Indian CDBG (ICDBG) programs.