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Program income means gross income that is directly generated from a CDBG-funded activity. Program Income may flow back to the Entitlement community or its subrecipients. Program income is subject to the CDBG rules in perpetuity. Some examples of Program Income include: and.
This Chapter defines what program income is, explains the required Program Income Plan, and describes requirements for managing, using, and reporting program income to Grants Administration. This Chapter also includes forms for preparing a Program Income Plan and a Program Income Annual Report.
This chapter provides an overview of all of the requirements applicable to the financial management of the CDBG Program. Administrative and planning costs including those costs that are eligible under other categories of eligibility will be covered.
Income: Grantees may select any of three definitions of income: (1) Annual income as defined under Section 8; (2) Annual income as reported under the Census long form; or (3) Adjusted gross income as defined by the IRS Form 1040.
This CDBG memorandum provides HUD guidance on CDBG program income. Resource Links. CDBG Memorandum: CDBG Program Income (PDF)
Program Income Defined. ‘’Program income'' is defined as gross income generated from the use of CDBG-DR or CDBG-MIT funds received by a State, local government, or a subrecipient of a State or local government. Program income includes funds in excess of $35,000 received in a single year.
This training presentation covers the topic of Program Income, as applicable to Community Development Block Grant Disaster Recovery (CDBG-DR) and CDBG Mitigation (CDBG-MIT) grantees. It provides a definition of Program Income, outlines requirements tied to Program Income, show processes for identifying Program Income, covers the tracking and ...
