HOME IDIS UPDATE Upcoming changes to HOME IDIS Functionality

IDIS System Improvements Auto-cancellation – completed. – HOME FACTS v.3, n.1 (June 2010). – HUD Initiated Activity Cancellation Report. – 2,946 activities cancelled ($534 million.) Program income and other financial enhancements. – Includes new “PA” fund type. – Implemented April

Open > 4 years Flag open activities 180 days, 90 days, 60 days, and 30 days prior to the 4-year deadline. After 4 years, activity is terminated before completion and, absent an extension or a waiver, HOME funds must be repaid. These activities will be blocked in IDIS. Implemented after HOME Proposed Rule is Final. 3

Infrequent Disbursements Flag activities w/disbursements > $1, but none in past 12 months. Reason must be entered prior to allowing the user to set up or commit funds to additional HOME activities. Require update every 180 days until the activity is completed. Implemented April

Final Draw > 120 Days Flag activities that have been in final draw for 90 days. If the activity is not completed or taken out of final draw after 120 days in final draw, the PJ’s ability to set up HOME activities will be suspended. Implemented April

Open Activities Report The IDIS PR48 Open Activities Report will identify those three categories of activities listed above. – Initial funding date over four years old with a status of “open”. – > $0 disbursed but no disbursements in over 1 year. – Final draw for more than 90 days and / or 120 days. 6

Home Deadline Compliance HOME Deadline Compliance Status Report will be implemented in Microstrategy as an IDIS report. HUD will continue to post this report to the HOME Reports website monthly. 7

Completion Date Edit Completion date defaults to current date the first time the activity status is changed to “completed”. Completion date defaults to “initial completion date” if the activity is re-opened and completed again. System will not allow the user to enter a completion date prior to the initial completion date. Implemented April

Underwriting Certification User must certify that an underwriting review has been conducted prior to committing funds to a HOME construction activity in the system. The certification will appear each time funds are committed to the HOME activity in Activity Funding. Implemented April

CHDO Capacity Certification The system will require a user certify that a CHDO has demonstrated development experience prior to receiving an award of CHDO set aside funds in the system. The certification will appear each time CR funds are subgranted to a CHDO eligible organization in IDIS. Implemented April

Future Changes Lease purchase Leveraged funds Revise Vouchers Subgrant Rules Project characteristics Subfund reductions 11

HOME IDIS UPDATE Upcoming changes to HOME IDIS Functionality