IHBG Determining and Using Program Income Under NAHASDA
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Summary
AI summary — grounded in the notice text
This HUD notice provides guidance to Tribes, TDHEs, and Indian Housing Authorities on determining and using program income generated from Indian Housing Block Grant (IHBG) funds under NAHASDA. It explains the $25,000 program income exclusion, rules for interest earned on investments, examples of eligible housing-related activities, and reporting requirements via the SF-425 and IHP/APR. This guidance replaces prior guidance and helps PHA staff properly calculate, track, and report program income to remain compliant with NAHASDA and related regulations.
Key Quotes
Verbatim from the notice
“The purpose of this Notice is to provide guidance for determining and using program income generated by the use or disbursement of Indian Housing Block Grant (IHBG) funds.”
Verbatim from the notice
“This Notice replaces PIH Notice 2022-28.”
Verbatim from the notice
“the receipt and expenditure of program income must be identified in both the IHP/Annual Performance Report (APR) and Federal Financial Report (FFR) Standard Form 425 (SF-425)”
Key Dates
- Published
- Jan 7, 2025