1、CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i CDBG-DR Expenditure Reporting and Status Designations: Updated Methodology March 1, 2022 In January 2022, the U.S. Department of Housing and Urban Development (HUD) published a new version of its monthly expenditure report
2、 on Community Development Block Grants for Disaster Recovery (CDBG-DR). The Monthly CDBG-DR Grants Financial Report provides a snapshot of grant amounts, unexpended balances, and spending status (“on pace” or “slow spender”). Prior to the January publication, HUD had postponed publication of monthly
3、 reporting on expenditure status since April 2020, citing potential effects of the COVID-19 pandemic on grantee administration and implementation of CDBG-DR projects. With the January report, HUD unveiled an updated methodology for designating grant spending status, with the intent to “more accurate
4、ly reflect State and local government long-term disaster recovery efforts.” This Insight reviews CDBG-DR monthly financial reporting and expenditure status designations. It also describes HUDs recent methodological change for assessing expenditure status and concludes with some observations for cong
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