The document outlines the requirements for applicants seeking funding through the HUD Promise Zones initiative. It emphasizes the importance of providing accurate information and details the consequences of submitting false claims. Applicants must certify that their proposed projects align with the objectives of the Promise Zones and maintain an ongoing relationship with the designated Promise Zone designee. The form requires identification of the federal program applied for, the Promise Zone community involved, and the project's geographic criteria, which determines its relevance to the Promise Zone. This information is vital for HUD to ensure accountability in program implementation. Furthermore, the document raises awareness about the Freedom of Information Act, indicating that the data collected may be publicly accessible. The HUD encourages feedback on reducing the public reporting burden and stresses the need for compliance with regulatory standards.
The file presents the HUD-424-CBW (2/2003), a Grant Application Detailed Budget Worksheet designed for federal grant applicants to itemize their budget. It outlines various categories for cost estimation, including Personnel (Direct Labor), Fringe Benefits, Travel, Equipment, Supplies and Materials, Consultants, Contracts and Sub-Grantees, Construction Costs, Other Direct Costs, and Indirect Costs. Each section prompts the applicant to provide detailed descriptions, estimated costs, and breakdowns of funding sources such as HUD shares, state shares, and other contributions.
This document aims to standardize budget submissions for federal grants, ensuring clarity in funding requests and the allocation of resources. The comprehensive structure facilitates systematic reporting by requiring applicants to capture various expenses related to project implementation. Additionally, the instructions emphasize the importance of providing accurate, detailed financial information to support the grant application process, with a caveat on previous versions of the form being deemed obsolete. The form is needed to secure the necessary funding and demonstrate proper budget planning to the assessing authorities.