HUD Releases Housing Trust Fund Commitment, Expenditure Guidance

Posted on October 16, 2018 by Bobbie Guidry

The U.S. Department of Housing and Urban Development (HUD) has issued guidance for Housing Trust Fund (HTF) grantees and the first report on the status of initial trust fund commitments in 2016. 

Notice CPD-18-12 outlines commitment and expenditure requirements and describes how HUD determines compliance with deadline requirements for the 24-month commitment and five-year expenditure deadlines. The Notice gives examples of the types of documents provide evidence of compliance, and points HUD staff and grantees reports and information on grants status. 

HUD will reduce or recapture funds in the HTF Treasury account by the amount of any fiscal year grant funds that are not committed within 24 months and any fiscal year grant funds that are not expended within five years after the date of HUD's execution of the HTF grant agreement. Funds will be reallocated to all HTF grantees in the subsequent year allocation, except those from whom funds were recaptured. 

Read the first report on state commitments and expenditures.