Native American Housing Block Grants – Formula

Program Description

The Native American Housing Block Grant program funds new construction, acquisition, rehabilitation, including energy efficiency and conservation, and infrastructure development activities. Funds can also be used to leverage private sector financing for new construction, renovation and energy retrofit investments. In selecting projects to be funded with Recovery Act funds, recipients shall give priority to projects for which contracts can be awarded within 180 days from the date that such funds are available to the recipient.
Tribes/TDHEs will be required to obligate 100 percent of their funds within one year of the date funds are made available, expend at least 50 percent of such funds within two years of the date in which funds became available, and expend 100 percent of such funds within three years of such date. If a recipient fails to comply with the two year expenditure requirement, funds will be recaptured and reallocated under the formula to tribes that comply with this requirement. If a recipient fails to comply with the three year expenditure requirement, the balance of the funds originally awarded to the recipient will be recaptured.

Process for Making Awards

Funds for these purposes will be distributed according to the same funding formula that was used to allocate Indian Housing Block Grant funds in fiscal year 2008. Funds will be obligated within 30 days of the enactment of the Recovery Act. Tribes/TDHEs will be required to complete an Indian Housing Plan (IHP) amendment to their fiscal year 2008 IHP and to execute a Funding Approval/Agreement with the Special Conditions. These documents will need to be signed by the tribe/TDHE and sent to the relevant Area Office of Native American Programs (ONAP). Once these documents are received by the Area ONAP, the Funding Approval/Agreement will be executed and the information will be entered in the accounting system so that funds will be available in the Line of Credit Control System (LOCCS).

Eligible Applicants

Eligible applicants include Indian tribes or tribally designated housing entities (TDHEs) eligible to receive funding under NAHASDA (25 U.S.C. 4101 et seq.)
Funding Amounts
Total Funding: $255,000,000
Total Funds Allocated: $255,000,000
Total Funds Obligated: $0
Total Funds Expended: $0


[SigmaForex Customer Support Area]

Customer satisfaction is number 1

It's a well known fact that no business can exist without satisfied customers, Sigma support you with all your needs that have been chosen according to your demands.
Our slogan is to achieve the maximum level of satisfaction for our customers for that we built customer support which is availble 24/7 to be reached for all clients at any time.

Open Live Chat Now

Email Us

FAQs

Funding Methods

Withdrwal Methods

Trading Agreement