Institutional Federal Compliance Report 2021

STATE OF NEW YORK

Notes to Schedule of Expenditures of Federal Awards

March 31, 2019

(b) Home Investment Partnerships Program The State administers the Home Investment Partnerships (HOME) Program (CFDA No. 14.239) through the Housing Trust Fund Corporation. A portion of the HOME Program payments are in the form of low interest loans made to not-for-profit and for-profit organizations to construct multi-family apartment buildings. Loans outstanding at March 31, 2019 amounted to $235 million. The following table displays activity for the HOME Program loans outstanding at March 31, 2019 (in thousands):

CFDA

Beginning

Ending balance

number

Program title

balance

Additions

Deletions

14.239 Home Investment Partnerships Program

$ 226,957

7,733

—

234,690

(c) Hurricane Sandy Community Development Block Grant Disaster Recovery Grants and Community Development Block Grant National Disaster Resilience Grants

The State administers the Hurricane Sandy Community Development Block Grant Disaster Recovery (CDBG-DR) Grants program (CFDA No. 14.269) and Community Development Block Grant National Disaster Resilience Grants program (CFDA No. 14.272) through the Governor’s Office of Storm Recovery. A portion of the program payments are in the form of loans. Loans outstanding as of March 31, 2019 amounted to $88 million. The following table displays activity for these grant program at March 31, 2019 (in thousands):

CFDA

Beginning

Ending balance

number

Program title

balance

Additions

Deletions

14.269 Hurricane Sandy CDBG-DR

$ 62,518

22,515

—

85,033

14.272 Community Development Block Grant National Disaster Resilience Grants

—

3,120

—

3,120

14

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