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NSP Resource Exchange Weekly Bulletin

HUD Encourages NSP Grantees to Take Advantage of Technical Assistance
NSP grantees all face expenditure deadlines early next year. NSP1 grants must be 100% spent by the 4th anniversary of the date HUD signed the grant agreement, generally in March 2013. NSP2 grantees must expend all their funds by Feb. 11, 2013. NSP3 funds must be 50% expended by the third anniversary of the grant award, usually next March. Note that program income earned and expended can be counted toward this requirement. It is NOT required that all units are occupied by the expenditure deadlines.

HUD has screened grantees in different ways to identify communities needing help, but wants to ensure that everyone has this opportunity. Grantees do not have to pay for  technical assistance. Grantees should contact the HUD field office or Headquarters staff if assistance is needed. Unspent funds are subject to recapture and reallocation, but there is still time to ensure that all funds are spent.

HUD Issues Guidance on NSP National Objectives, Uses, and Activities
HUD has issued guidance on understanding NSP National objectives, uses, and activities. Practitioners implementing NSP understand the five eligible uses described in HERA, but there is often confusion around how to demonstrate that each activity meets a national objective. This guidance includes a National Objectives Chart that provides a quick reference for grantees and other NSP affiliates to navigate the most common eligible activities and national objectives. It takes viewers through each of the five eligible uses and describes what actions qualify as an eligible activity and what steps must be taken to meet a national objective.

View the guidance and a PDF version of the National Objectives Chart here.

View an Excel version of the National Objectives Chart here.

HUD Issues Guidance on Revolving Funds under NSP 
Revolving funds (also referred to as revolving loan funds or RLFs) can be useful tools in managing the flow of program income (PI). Although they are a common part of many grantees’ CDBG programs, questions remain about their use under NSP. This guidance serves to clarify the role of revolving funds, address issues specific to NSP, and provide resources for additional assistance. View the guidance here

HUD-Approved Action Plans and Q2 2012 Quarterly Performance Reports Posted
Action Plans and Q2 2012 Quarterly Performance Reports (QPRs) that have been reviewed and approved by HUD are now posted to individual grantee pages on the NSP Resource Exchange. Note that these reports are updated on a quarterly basis. Action Plans and QPRs were updated for NSP1, NSP2, and NSP3 grantees. To find a grantee and view its reports, click here. If you are a grantee and find any inaccuracies on your grantee page, please let us know.

Important Notice for All Consolidated Plan Grantees: Consolidated Plan, Annual Action Plan, and IDIS
As of November 15, 2012, all grantees that have a Consolidated Plan due after this date are required to use IDIS to submit their multi-year strategy. This requirement is outlined in the Consolidated Plan Notice, CPD-12-009, which is available on the Consolidated Plan website. Grantees with an approved multi-year Consolidated Plan are not required to use IDIS to submit their Annual Action Plan until their next multi-year strategy is due. For more information click here.

NSP1, NSP2, and NSP3 Commitment and Drawdown Data Report
Cumulative commitments and drawdowns for NSP1, NSP2, and NSP3 grantees as of September 17, 2012 are available on the NSP Resource Exchange. This data is updated weekly. View the data here.

Open Forum Q&A with HUD Staff Webinar Recording and Transcript - August 14, 2012 
This webinar is intended for NSP grantees and partners to answer questions and solve NSP problems through discussion with HUD staff and peers. This webinar is one in a series of webinars and open forum question and answer sessions that give NSP grantees and all NSP affiliates the opportunity to ask the questions they have about affordable rents, income eligibility, eligible uses, other federal requirements, and other issues that have arisen. View the resources at the NSP Learning Center.

NSP2 Grantees and Revolving Loan Funds Webinar Recording and Transcript - August 21, 2012 
This webinar is intended for all NSP grantees and subrecipients who are interested in setting up a Revolving Loan Fund (RLF) capitalized by NSP program income. Participants become familiar with requirements under NSP to create and operate an RLF and will learn ways in which they may further the goals of their NSP programs and prolong their benefits for years to come. The webinar is followed by a Q&A. View the resources at the NSP Learning Center.

Introduction to the National Environmental Policy Act (NEPA)
September 19, 2012 1-2:30 p.m. EDT Online

Growing Jobs, Greening Cities and Stabilizing Neighborhoods Webinar (Hosted by Enterprise Community Partners)
September 19, 2012 2-3:30 p.m. EDT Online

Open Forum Q&A Session Webinar with HUD Staff
September 25, 2012 2-4 p.m. EDT Online

View the NSP Resource Exchange events calendar for more webinars and events happening in a community near you.

Foreclosed Treasure Returned to Original Splendor

NSP Home in Dayton, OH Linden Heights A Craftsman-style Foursquare home built in 1920 and located in Dayton's Linden Heights neighborhood has undergone complete renovation and is the latest foreclosed property to be returned to market. The five-bedroom, 2 ½ bath home now features new windows, a new roof, refinished hardwood floors, and other improvements. View the video here.

Photo Courtesy of: The City of Dayton, OH



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