(HUD) Publishes FY 2020 HOME Match Reductions

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HUD Publishes FY 2020 HOME Match Reductions

HUD has published the FY 2020 HOME Match Reductions list which includes match reductions granted for FY 2020 due to fiscal distress, severe fiscal distress, Presidential disaster declarations, and reductions requested by HOME Participating Jurisdictions (PJs) due to the COVID-19 pandemic. These match reductions were made available to affected states and local jurisdictions through CPD Memo: Availability of Waivers and Suspensions of the HOME Program Requirements in Response to COVID-19 Pandemic, dated April 10, 2020. For those PJs with fiscal distress and Presidential disaster match reductions, the PJ may take the higher match reduction for the current fiscal year. PJs that requested a match reduction under the COVID-19 waiver received 100 percent reduction of their match liabilities for fiscal years 2020 and 2021.

Note: Since match reductions due to major Presidential disaster declarations are requested by PJs and granted by field offices at any time during the fiscal year, this list will be updated as needed.

Visit the HOME Program page on the HUD Exchange for program guidance, tools, trainings, reports, and other resources for the HOME Program.

Visit the HUD Exchange at https://www.hudexchange.info