HUD has issued a new HOME FACTS and scheduled an upcoming webinar on the receipt of fund types in the HOME Investment Trust Fund Local Account.
HOME FACTS Vol. 7, No. 1: Receipt Fund Types in the HOME Investment Trust Fund Local Account: Program Income, Repayments, and Recaptured Funds
This issue of HOME FACTS explains and illustrates how to use program income (PI), repayments to the local account (IU), and recaptured homebuyer funds (HP) that are deposited in a Participating Jurisdiction’s HOME Investment Trust Fund local account. This HOME FACTS also explains the impact of local account funds on committing and disbursing HOME Treasury account funds in the Integrated Disbursement and Information System (IDIS), including changes due to the implementation of grant based accounting for FY 2015 and subsequent years’ grants.
View HOME FACTS Vol. 7, No. 1: Receipt Fund Types in the HOME Investment Trust Fund Local Account: Program Income, Repayments, and Recaptured Funds.
Save the Date for the Upcoming Webinar
Date: March 9, 2016
Time: 1:30 PM EST
HUD will host a webinar to cover the information in the HOME FACTS. This webinar is designed for HOME PJ staff, including those who work in IDIS. The webinar allows HOME PJ staff to take advantage of the following:
- Learn about the most recently added receipt fund types such as repayments and recapture funds
- Ensure compliance with receipt and proper usage of program income
- Hear about best ways to track compliance through IDIS reports
- Identify tips and techniques for ensuring local funds are being utilized appropriately in IDIS
HUD will send a registration link and log-in information via the HUD Exchange mailing list two weeks before the webinar.