Treasury, updated reporting requirements for Tribes.

Summary

Treasury letter of September 17, 2024 to HAF Tribal Participants in the Homeowner Assistance Fund (HAF). It quotes the HAF Guidance requirement that not less than 60% of each participant's funds be used for homeowners with incomes equal to or less than 100% of the area median income or of the median income for the United States, whichever is greater. The Q3 2024 Quarterly report, due November 15, 2024, adds three questions: whether at least 60% of monetary HAF assistance went to homeowners with incomes less than the greater of 100% AMI or US Median Income, and the dollar amounts obligated and expended to them. All future Quarterly reports and the Final Quarterly Report will include the questions, and Tribes that cannot retrieve the data in time may request an extension. Treasury scheduled a special Office Hours session on Wednesday, October 2nd.

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Full text

                      U.S. DEPARTMENT OF THE TREASURY
September 17, 2024

Dear Tribal Government Representative:

Thank you for your participation in the U.S. Department of the Treasury (Treasury) HAF program.

This letter is to inform HAF Tribal Participants of an important update to the HAF Quarterly
Report that applies to all HAF Participants that is due to Treasury by November 15, 2024.

The HAF Guidance requires “not less than 60% of amounts made available to each HAF participant must
be used for qualified expenses that assist homeowners having incomes equal to or less than 100% of the
area median income or equal to or less than 100% of the median income for the United States, whichever
is greater.” To ensure HAF Tribal Participants are in compliance with the HAF Guidance, the next HAF
Quarterly Report will require HAF Tribal Participants to answer three additional questions. These
questions will better position HAF Tribal Participants to answer potential questions from oversight
bodies, such as the Government Accountability Office and Treasury’s Office of Inspector General, and
auditors regarding the use of HAF award funds. These additional questions will be added to the Q3 2024
Quarterly report that is due to Treasury by November 15, 2024:

    1. Did your program(s) expend at least 60% of monetary HAF assistance to homeowners with
       incomes less than the greater of 100% AMI or US Median Income?
    2. Please enter the dollar amounts of monetary HAF assistance that have been obligated to
       homeowners with incomes less than the greater of 100% AMI or US Median Income.
    3. Please enter the dollar amounts of monetary HAF assistance that have been expended to
       homeowners with incomes less than the greater of 100% AMI or US Median Income.

Please note that all future Quarterly reports and the Final Quarterly Report for closeout of your HAF
award will also include these questions. Tribes that are unable to retrieve this data in time for the
November 15, 2024 report submission deadline will be able to request an extension to receive additional
time to complete the report.

Treasury will host a special Office Hours session on Wednesday, October 2nd to review these changes and
refresh your memory on the HAF reporting requirements. Please join our weekly office hours
on Wednesdays at 3:00 p.m. ET by registering here:
https://ustreasury.zoomgov.com/meeting/register/vJIsceyhqToiEm3KAHMcLlL8LgWvGiTMXwY

Thank you,

Homeowner Assistance Fund

Office of Recovery Programs

U.S. Department of the Treasury


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