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HUD Provides Guidance Regarding Requirement to Complete HOME Projects in Four Years

HUD issued Notice CPD-20-01 on January 8, providing guidance to participating jurisdictions (PJs) regarding the requirement that projects assisted with HOME Investment Partnerships program funds be completed within four years of a project being committed. The Notice also outlines the process for resolving noncompliance.

The Notice restates the HOME regulations defining “project completion,” “project,” and “commitment.” If a project is not formally completed within four years, HUD’s Integrated Disbursement and Information System (IDIS) will generate an “Involuntary Terminated” flag that blocks a HOME IDIS activity still in “open” status, preventing fund disbursement for that project. To alert PJs of activities that are at risk of missing the four-year project completion deadline, IDIS provides warning flags on the HOME Review Activities page 90 days and 30 days before the deadline.

If a project has not been completed within four years of commitment, the PJ must repay, with non-federal funds, all HOME funds disbursed for that project to its HOME account. Alternatively, a PJ could request a voluntary reduction in its next HOME allocation. A PJ may request an extension of the four-year deadline for up to one year if it can demonstrate the project will be completed.

Notice CPD-20-01 is at: https://bit.ly/2soHKbM

More information about HOME is on page 5-3 of NLIHC’s 2019 Advocates’ Guide