HOME program uses an electronic fund transfer disbursement and information system. Once drawn down, funds must be expended within fifteen days. All funds must be committed within 24 months and expended within five years. POST ASSISTANCE REQUIREMENTS: Reports: Financial management and annual performance reports. Audits: In accordance with 24 CFR Part 44 and OMB Circular No. A- 133. Records: Records which enable HUD to determine whether the 259 participating jurisdiction has met the requirements of the program must be kept for the most recent five year period. Those records required to document the period of affordability must be maintained for five years beyond the required period. FINANCIAL INFORMATION: Account Identification: 86-0205-0-1-999. Obligations: (Grants) FY 99 $1,550,300,000; FY 00 est $1,552,800,000; and FY 01 est $1,595,780,000. Range and Average of Financial Assistance: $288,000 to $104,000,000; $2,641,766. (NOTE: Amounts reported reflect allocation of new budget authority rather than obligation amounts.) PROGAM ACCOMPLISHMENTS: As of September 30, 1999, 464,000 units were committed; 266,000 units completed; and 55,000 families have received tenant-based rental assistance. REGULATIONS, GUIDELINES, AND LITERATURE: 24 CFR Part 92. INFORMATION CONTACTS: Regional or Local Office: Contact appropriate HUD Field Office Headquarters Office: Mary Kolesar, Director, Office of Affordable Housing
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