Glossary of CPD Terms - D

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Debt obligation
means a promissory note or other obligation issued by a public entity or its designated public agency and guaranteed by HUD under this subpart, or a trust certificate or other obligation offered by HUD or by a trust or other offeror approved for purposes of this subpart by HUD which is guaranteed by HUD under this subpart and is based on and backed by a trust or pool composed of notes or other obligations issued by public entities or their designated public agencies and guaranteed or eligible for guarantee by HUD under this subpart.

Designated public agency
means a public agency designated by a public entity to issue debt obligations as borrower under this subpart.

Disability Compensation
Monetary benefits, called disability compensa-tion, are paid to veterans who are disabled by injury or disease incurred or aggravated dur-ing active duty military service. Monetary benefits are related to the residual effects of the injury or disease. The benefits, which are not subject to Federal or State income tax, are set by Congress.

Disaster Recovery Assistance
HUD provides flexible grants to help cities, counties, and States recover from Presidentially declared disasters, especially in low-income areas, subject to availability of supplemental appropriations.
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Discretionary grant
means a grant made from the various Special Purpose Grants in accordance with subpart E of this part.

Draw-Down
The process of requesting and receiving HOME funds. PJs and authorized State recipients draw down funds from a line of credit established by HUD.