funds are subsequently made to grantees via 167 direct deposit/electronic funds transfer (DD/EFT). POST ASSISTANCE REQUIREMENTS: Reports: Grantees must file periodic invoice including semi- annual performance reports as well as final reports pursuant to grant agreement. Audits: A performance review once every two years is required and made by HUD. No other audits are required, but may be performed by HUD Homeownership Centers or Headquarters, HUD Office of Inspector General or General Accounting Office. Records: As required in grant document and Housing Counseling Handbook, HUD 7610.1 REV-4 dated August 1995. FINANCIAL INFORMATION: Account Identification: 86-0162-0-1-451; 86-0205-0-1-604. Obligations: (Grants) FY 99 $17,500,000; FY 00 est $15,000,000; and FY 01 est $24,000,000. (NOTE: Amounts reported reflect allocation of new budget authority rather than obligation amounts.) Range and Average of Financial Assistance: For fiscal year 1999, the grants ranged from $1,500 to a maximum of $100,000. The average counseling grant was $15,000. PROGAM ACCOMPLISHMENTS: For fiscal year 1999, HUD provided funding for 342 local housing agencies, 10 HUD-approved intermediaries, and 32 State housing finance agencies. For fiscal year 2000, plans are to fund approximately 350 local housing agencies, 12 HUD-approved intermediaries and 6 State housing finance agencies. REGULATIONS, GUIDELINES, AND LITERATURE:
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