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HOME IDIS UPDATE

HOME IDIS UPDATE. Upcoming changes to HOME IDIS Functionality. IDIS System Improvements. Auto-cancellation – completed. HOME FACTS v.3, n.1 (June 2010). HUD Initiated Activity Cancellation Report. 2,946 activities cancelled ($534 million.) Program income and other financial enhancements.

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HOME IDIS UPDATE

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  1. HOME IDIS UPDATE Upcoming changes to HOME IDIS Functionality

  2. IDIS System Improvements • Auto-cancellation – completed. • HOME FACTS v.3, n.1 (June 2010). • HUD Initiated Activity Cancellation Report. • 2,946 activities cancelled ($534 million.) • Program income and other financial enhancements. • Includes new “PA” fund type. • Implemented April 2012.

  3. Open > 4 years • Flag open activities 180 days, 90 days, 60 days, and 30 days prior to the 4-year deadline. • After 4 years, activity is terminated before completion and, absent an extension or a waiver, HOME funds must be repaid. • These activities will be blocked in IDIS. • Implemented after HOME Proposed Rule is Final.

  4. Infrequent Disbursements • Flag activities w/disbursements > $1, but none in past 12 months. • Reason must be entered prior to allowing the user to set up or commit funds to additional HOME activities. • Require update every 180 days until the activity is completed. • Implemented April 2012.

  5. Final Draw > 120 Days • Flag activities that have been in final draw for 90 days. • If the activity is not completed or taken out of final draw after 120 days in final draw, the PJ’s ability to set up HOME activities will be suspended. • Implemented April 2012.

  6. Open Activities Report • The IDIS PR48 Open Activities Report will identify those three categories of activities listed above. • Initial funding date over four years old with a status of “open”. • > $0 disbursed but no disbursements in over 1 year. • Final draw for more than 90 days and / or 120 days.

  7. Home Deadline Compliance • HOME Deadline Compliance Status Report will be implemented in Microstrategy as an IDIS report. • HUD will continue to post this report to the HOME Reports website monthly.

  8. Completion Date Edit • Completion date defaults to current date the first time the activity status is changed to “completed”. • Completion date defaults to “initial completion date” if the activity is re-opened and completed again. • System will not allow the user to enter a completion date prior to the initial completion date. • Implemented April 2012.

  9. Underwriting Certification • User must certify that an underwriting review has been conducted prior to committing funds to a HOME construction activity in the system. • The certification will appear each time funds are committed to the HOME activity in Activity Funding. • Implemented April 2012.

  10. CHDO Capacity Certification • The system will require a user certify that a CHDO has demonstrated development experience prior to receiving an award of CHDO set aside funds in the system.  • The certification will appear each time CR funds are subgranted to a CHDO eligible organization in IDIS. • Implemented April 2012.

  11. Future Changes • Lease purchase • Leveraged funds • Revise Vouchers • Subgrant Rules • Project characteristics • Subfund reductions

  12. HOME IDIS UPDATE Upcoming changes to HOME IDIS Functionality

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