Subsidized Loans for HUD Guidance June 2019 notice. What the notice includes.

FAQ#: 166 published 9-24-2019

V.B.1. Subsidized Loans For this notice, subsidized loans (including forgivable loans) are loans other than private loans. Both SBA and FEMA provide subsidized loans for disaster recovery. Subsidized loans may also be available from other sources. Subsidized loans are assistance that must be included in the DOB analysis, unless an exception applies.

As a general rule, CDBG–DR grant funds are available only to pay for new activities. However, most Federal Register notices governing CDBG–DR grants permit payment of costs dating back to the date of the disaster that led to the CDBG–DR grant award. These Federal Register notices require grantees to adhere to reimbursement requirements previously established by HUD when reimbursing applicants' costs.(Resource #5) Reimbursement is not permitted if payment of the cost with CDBG–DR funds will cause a DOB because an exception does not apply or violate the requirement that CDBG–DR funds shall not be used for activities reimbursable by, or for which funds are made available by, FEMA or the Army Corps of Engineers.

Research Resources:

 

Comment | Suggestion | Feedback

How do I know if my mortgage is federally backed or federally secured? COVID-19 Housing Assistance Program Appeals Process.

FAQ#: 460 published 1-13-2022 2 min. 50 seconds read

Read


Reconsideration of Declined Loan Applications SBA Economic Injury Disaster Loan (EIDL)

FAQ#: 235 published 4-23-2020 updated 1-4-2022 4 min. 48 seconds read

Read


Reconsideration of Declined EIDL add Personal Financial Statement Disaster Programs SBA Form 413D (03-18) to your document list.

FAQ#: 403 published 8-6-2020 updated 12-31-2021 1 min. 54 seconds read

Read


FEMA Resource for Substantially damaged homes

FAQ#: 384 published 4-25-2021 updated 12-31-2021 1 min. 27 seconds read

Read


Insurance company issued a two-party check for hurricane damage repairs but my mortgage handler is holding the money from me. Why are they doing this?

FAQ#: 455 published 12-30-2021 3 min. 44 seconds read

Read


What is a labor broker and how do they work?

FAQ#: 450 published 12-13-2021 1 min. 25 seconds read

Read


What would you normally find on a Schedule of Liabilities form?

FAQ#: 274 published 8-5-2020 updated 12-11-2021 2 min. 2 seconds read

Read


What does FEMA Federal Cost Share cover and does my state have to agree to pay the cost share?

FAQ#: 461 published 9-22-2021 updated 12-11-2021 3 min. 57 seconds read

Read


Disaster Unemployment Assistance (DUA) for Independent Contractors, Self-Employed and others is coming to an end but don't stop filing if you are unemployed.

FAQ#: 260 published 8-11-2021 1 min. 19 seconds read

Read


SBA proposed to remove provisions that currently make faith-based organizations ineligible for certain SBA disaster loans and other loan eligibility issues determined to violate the Free Exercise Clause of the First Amendment to the Constitution.

FAQ#: 442 published 8-10-2021 5 min. 38 seconds read

Read