Renewals: Not applicable. ASSISTANCE CONSIDERATIONS: Formula and Matching Requirements: Leveraging of other public and/or private resources is expected. Length and Time Phasing of Assistance: Assistance is released on an as needed basis over a period of two years. POST ASSISTANCE REQUIREMENTS: Reports: Annual progress and final close-out reports. Audits: The audit requirements in 24 CFR part 45 (implementing OMB Circular A-133) apply. Records: All records applicable to the program must be kept for three years following close-out. FINANCIAL INFORMATION: 153 Account Identification: 86-0164-0-1-604. Obligations: (Grants) FY 99 $20,000,000; FY 00 est $20,000,000; and FY 01 est $17,500,000. (NOTE: Amounts reported reflect allocation of new budget authority rather than obligation amounts.) Range and Average of Financial Assistance: $300,000 to $25 million; $10 million average. PROGAM ACCOMPLISHMENTS: Approximately 1,000 units were completed and 2,000 are under development. REGULATIONS, GUIDELINES, AND LITERATURE: The statute constitutes the regulations. INFORMATION CONTACTS: Regional or Local Office: None. Headquarters Office: Office of Affordable Housing Programs, Community Planning and Development, Department of Housing and Urban Development, 451 7th Street, SW., Washington, DC 20410. Telephone: (202) 708-3226. Web Site Address: http://www.hud.gov/progdesc/cpdindx.html. EXAMPLES OF FUNDED PROJECTS:
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