Who Form 8854 Timely 2023-2024

Welcome to the US Department of Housing and Urban Development's presentation entitled CDBG timeliness and best practices to achieve timely ance. Each year, entitlement grantees and states use CDBG funds for housing infrastructure, economic development, and public services that benefit people and communities across the nation. Since many people depend on CDBG, it is essential that grantees and their partners deliver these programs quickly and effectively to ensure that people receive the benefits of the CDBG program. HUD has specific ance measures for entitlement grantees and states, including timely expenditure for entitlement grantees and timely distribution for states. In this presentation, you will learn about these requirements. By the end, you should be able to describe how the CDBG timeliness calculation works, how program income factors into it, define what it means to be untimely, and what impact it has on you as a CDBG grantee. You will also identify best practices to proactively manage CDBG grant funds and avoid being untimely. Timely ance matters because communities depend on CDBG in many ways, and funds are spent each year to help low and moderate-income people and communities have access to affordable housing, job training, after-school programs, meals, childcare, sidewalks, clean water, and parks. Managing CDBG programs is compared to the operation of an airport. Implementing CDBG projects can be complex work, and each grantee manages multiple activities with many partners. It is important for partners and staff to be clear on their roles and expectations for timely ance to ensure successful activities. When partners do not deliver on time or do not expend funds in a timely way, activities and services can be delayed, ultimately affecting beneficiaries. Spending backlogs mean people are not receiving much-needed benefits. Grantees must stay on top of spending as backlogs can have compounding effects. One delay in a...