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.– Includes new “PA” fund type.– Implemented April 2012.

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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.

3

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 2012.4

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.

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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.6

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.

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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.

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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 2012.9

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 2012.10

Future Changes

• Lease purchase• Leveraged funds• Revise Vouchers• Subgrant Rules• Project characteristics• Subfund reductions

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HOME IDIS UPDATE

Upcoming changes to HOME IDIS Functionality