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Get the free Cdbg-dr Duplication of Benefits Escrow Policy and Procedures

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Este manual representa la versión actual de las políticas de la Virgin Islands Housing Finance Authority (VIHFA) que proporciona orientación general para la operación de la División CDBG-DR.
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How to fill out cdbg-dr duplication of benefits

01
Gather all necessary documentation related to funding received from other sources during the disaster recovery period.
02
Identify and list all benefits received, including grants, loans, insurance payouts, and other assistance for the same loss or damage.
03
Ensure that each benefit is clearly documented with dates, amounts, and the purpose of the funding.
04
Complete the CDBG-DR duplication of benefits form accurately, ensuring that no benefits are overlooked.
05
Submit the filled form along with supporting documentation to the appropriate agency handling CDBG-DR funds.
06
Keep copies of all submitted documentation for your records.

Who needs cdbg-dr duplication of benefits?

01
Individuals or entities that have received multiple forms of disaster assistance for the same losses.
02
Applicants for CDBG-DR (Community Development Block Grant - Disaster Recovery) funds who need to ensure compliance with federal regulations.
03
Business owners or renters who may be applying for CDBG-DR assistance after receiving other disaster aid.
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CDBG-DR duplication of benefits refers to the requirement to ensure that individuals or entities do not receive financial assistance for the same costs from multiple sources after a disaster. This is to prevent overcompensation and ensure that federal disaster relief funds are used appropriately.
All applicants for funding through the CDBG-DR program are required to file for duplication of benefits. This includes individuals, businesses, and organizations seeking assistance for recovery from disaster-related losses.
To fill out the CDBG-DR duplication of benefits form, applicants must gather documentation of all financial assistance received for disaster-related expenses, detail the amounts and sources of assistance, and complete the form providing accurate information to show compliance with the duplication of benefits requirement.
The purpose of CDBG-DR duplication of benefits is to ensure that federal funds are not misallocated or used to cover costs that have already been funded through other sources, thereby maintaining the integrity and effectiveness of disaster recovery funding.
The information that must be reported includes details of all funding received from other disaster assistance programs, the amounts of assistance, the dates of receipt, and a description of the specific costs covered by those funds.
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