JANUARY 25, 2012
NSP2 50% Expenditure Deadline Procedures
HUD has released guidance to their field offices on the NSP2 deadline procedures. NSP2 grantees with reported exenditures less than 50% of the grant allocation will be receiving letters from HUD. Drawdowns are a proxy for reported expenditures, but are not the ultimate measure of success. Each grantee must use the QPR module to report expenditures as of Close of Business Feb 11.
SOURCE: The U.S. Department of Housing & Urban Development
Forward