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Get the free CDBG Memorandum: Proceeds from the Sale of Property - HUD

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6131 PROOFLEGISLATIVE COUNCILNOTICE PAPER No. 79 TUESDAY 23 MARCH 2021 The House meets this day at 2.30 contents Business of the HouseNotices of Motions ....................................................................................................
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01
Review the CDBG memorandum form to understand the required information and documentation.
02
Gather all necessary financial information related to the CDBG assistance received.
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Fill out the form accurately and completely, providing all requested details.
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Attach any supporting documentation required by the form, such as receipts, invoices, or financial statements.
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Who needs cdbg memorandum proceeds from?

01
Any entity or individual receiving Community Development Block Grant (CDBG) assistance, such as local government agencies, nonprofit organizations, or eligible individuals, may need to fill out the CDBG memorandum proceeds form.
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CDBG memorandum proceeds refer to the documentation associated with the Community Development Block Grant (CDBG) program, specifically detailing the revenue generated from the program's activities, such as loan repayments or earned income.
Organizations or entities that have received CDBG funds and generated proceeds from those funds, including local governments and non-profit organizations involved in community development activities, are required to file the memorandum.
To fill out the CDBG memorandum proceeds form, organizations must provide detailed information about the proceeds generated, including amounts, sources, and how they plan to utilize these funds in compliance with CDBG regulations.
The purpose of the CDBG memorandum proceeds form is to ensure transparency and proper reporting of the revenue generated from CDBG activities, and to maintain compliance with federal guidelines regarding the use of those proceeds.
The form must report details such as the amount of proceeds generated, the sources of these proceeds, intended use of the funds, and compliance with CDBG program requirements.
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