H. Period of Performance NSP2 grantees are required to expend 50 percent of NSP2 funds in 2 years after HUD signs the grant agreement and expend 100 percent of NSP2 funds within 3 years after HUD signs the grant agreement (ARRA, 123 Stat. 217). L. Reporting 1. Financial Reporting a. SF-270, Not Applicable Request for Advance or Reimbursement – b. SF-271, Outlay Report and Request for Reimbursement for Construction Not Applicable Programs – c. SF-425, Not Applicable Federal Financial Report – d. Disaster Recovery Grant Reporting System (DRGR), (OMB No. The following line items contain critical information: Key Line Items – (1) Obligation Amount (2) Drawdown Amount 2. Performance Reporting HUD 60002, Section 3 Summary Report, Economic Opportunities for Low- and (OMB Each recipient that Very Low-Income Persons, No. 2529-0043) – administers Federal program funding in excess of $200,000 in a program year that involves housing rehabilitation, housing construction, or other public construction, must submit Form HUD 60002 information outlined on using the Section 3 Summary Reporting System (24 CFR sections 135.3(a) and 135.90). Submission of HUD 60002 information has been automated using the Section 3 Summary Reporting System. The system was launched December 2013 but was taken offline in January 2014 to address technical difficulties. HUD has suspended submission of this information until the system is operational. The status of the system is available at Section 3 Reporting System status area at . The following line items contain critical information: Key Line Items – a. 3. Dollar Amount of Award b. 8. Program Code c. Part I, Column C Total Number of New Hires that are Sec. 3 Residents –
H. Period of Performance NSP2 grantees are required to expend 50 percent of NSP2 funds in 2 years after HUD signs the grant agreement and expend 100 percent of NSP2 funds within 3 years after HUD signs the grant agreement (ARRA, 123 Stat. 217). L. Reporting 1. Financial Reporting a. SF-270, Request for Advance or Reimbursement – Not Applicable b. SF-271, Outlay Report and Request for Reimbursement for Construction Programs – Not Applicable c. SF-425, Federal Financial Report – Not Applicable d. Disaster Recovery Grant Reporting System (DRGR), (OMB No. Key Line Items – The following line items contain critical information: (1) Obligation Amount (2) Drawdown Amount 2. Performance Reporting HUD 60002, Section 3 Summary Report, Economic Opportunities for Low- and Very Low-Income Persons, (OMB No. 2529-0043) – Each recipient that administers Federal program funding in excess of $200,000 in a program year that involves housing rehabilitation, housing construction, or other public construction, must submit Form HUD 60002 information outlined on using the Section 3 Summary Reporting System (24 CFR sections 135.3(a) and 135.90). Submission of HUD 60002 information has been automated using the Section 3 Summary Reporting System. The system was launched December 2013 but was taken offline in January 2014 to address technical difficulties. HUD has suspended submission of this information until the system is operational. The status of the system is available at Section 3 Reporting System status area at . Key Line Items – The following line items contain critical information: a. 3. Dollar Amount of Award b. 8. Program Code c. Part I, Column C – Total Number of New Hires that are Sec. 3 Residents
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