|
The Community Development Block Grant Disaster Recovery (CDBG-DR) Grant Financial Report for January 2022 is now posted on the HUD Exchange. You may access it from the CDBG-DR Reports page along with the other financial reports.
CDBG-DR Monthly Reports as of January 1, 2022:
HUD resumes publication of the CDBG-DR Grant Financial Report:
In April 2020, due to the COVID-19 National Emergency, HUD suspended the publication of the monthly CDBG-DR Grant Financial Report. That report identified target closeout deadlines for each grant and noted if the grant was on pace to meet this deadline, using a linear-burn rate model. The linear-burn rate methodology, however, did not fully account for how recovery occurs in communities impacted by a disaster or otherwise account for issues or intervening events that could disrupt recovery efforts. The Department recently conducted additional research and data analysis on actual grantee spending and developed a new methodology for identifying on pace expenditures to better reflect the experience of grantees in implementing recovery efforts. For more information regarding the revised methodology for this report, please review the CDBG-DR Grants Financial Report Methodology. The Department will continue publishing the monthly CDBG-DR Grant Financial Report with the other monthly financial reports available on the CDBG-DR Reports page.
|