and selection of successful applicants will be undertaken by HUD. HUD will make final selection and obligate funds. Appeals: None. Renewals: Not applicable. ASSISTANCE CONSIDERATIONS: Formula and Matching Requirements: All applicants must present evidence of matching funds, as specified in the NOFA. Length and Time Phasing of Assistance: HUD will provide assistance for a 3-year time period. POST ASSISTANCE REQUIREMENTS: Reports: Grantees must keep records and make available semi- annual reports as specified by HUD. Audits: Grantees must adhere to the policies, guidelines and requirements of 24 CFR Part 85 and OMB Circular No. A-87; and OMB Circular Nos. A-110 and A-122 apply to the acceptance and use of assistance by private nonprofit agencies. Records: Records will be retained in accordance with the HUD regulation, 24 CFR Part 85. FINANCIAL INFORMATION: Account Identification: 86-0162-0-1-451; 86-0304-0-1-604. Obligations: (Grants) FY 99 $55,000,000; FY 00 est $5,000,000 (carryover from FY 1999); and FY 01 est $0. Range and Average of Financial Assistance: $26,000 to $1,000,000 in FY 1998. Please refer to the Notice of Funds Availability (NOFA) for current year funding. PROGAM ACCOMPLISHMENTS: Because this is a relatively new program, the Department is unable 440 to cite concrete accomplishments at the time of this report. REGULATIONS, GUIDELINES, AND LITERATURE:
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