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Are grantees required to draw down funds on a quarterly basis?

April 26, 2017basis draw funds grantees quarterly

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Are grantees required to draw down funds on a quarterly basis?

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Yes. Grantees must draw down from IDIS at least quarterly after the first draw, and are urged to draw down from IDIS monthly. If a grantee does not draw funds at least every three months, it will result in a monitoring finding. In addition, HUD will be looking at …