Financial Reports
The Form HUD-50080-SCMF will now be submitted Semi-Annually. Form HUD-50080-SCMF, LOCCS Payment Voucher/Expense Report, is used by HUD to protect disbursement data from fraudulent actions, and to safeguard the Line of Credit Control System (LOCCS) from unauthorized access. The data reported will allow the Field staff to track expenses and drawdown of funds for eligible activities at intervals within the grant term. The revised HUD-50080-SCMF, provides the most essential information HUD needs to determine whether federal funds have been used appropriately. The form and modified submission schedule are designed to reduce burden and strengthen the valid data provided to HUD.
Responsibilities:
- Complete the report. Grantees must complete an individual worksheet for each drawdown from eLOCCS. Each worksheet must itemize expenses incurred during the month or quarter. The total amount of expenses incurred for that month or quarter must be the same amount requested from and paid out by eLOCCS
- Maintain documentation. Grantees Must maintain detailed expense documentation in their files. HUD will randomly review monthly/quarterly vouchers to ensure compliance and reserve the right to request documentation as deem necessary. Do not submit supporting documents to HUD unless requested.
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Submit the completed Form HUD-50080-SCMF to HUD, only. There are two reporting periods in a 12-month grant term. The first reporting period starts from January 1 through June 30 and the second reporting period starts from July 1 to December 31. These expense reports are due 30 calendar days following the end of each six-month reporting period. Grantee must submit each six-month report in an Excel file.
HIGHTIGHT: The SF-425 Federal Financial Report is no longes required to be submitted. Since the revised HUD-50080-SCMF collects idedtical information to the SF-425, HUD will satify this federal requirement using the form HUS-50080-SCMF.
Performance Report
Purpose
The Service Coordination in Multifamily Housing (SCMF) Program is adopting HUD’s Standards for Success (SfS) reporting framework for its performance report requirements. SfS has replaced the HUD-92456 Semi-Annual Performance Reports.
SfS is now required for ALL properties that receive funding for a Service Coordinator (that includes both grant funded Service Coordinators and “budget-based” (also referred to as operating funds) Service Coordinators).
HIGHLIGHT: Starting with the 2019 Reporting Period, the submission of the Service Coordinator in Multifamily Housing Semi-Annual Performance Report (form HUD-92456) is no longer required.
The SCMF Program has adopted SfS across the entire portfolio for the purpose of modernizing the type of data collected as well as the data collection process. This new reporting platform will also enhance HUD’s efforts to analyze performance data collected across its portfolio. Data will be stored in a central database where it can be analyzed on demand. Lastly, the implementation of this new reporting framework will provide better tools for HUD regional offices to communicate with fund recipients and verify the accuracy and timeliness of data.
To learn more about the Service Coordinator Multifamily Housing requirements under SfS, visit our HUD Exchange Multifamily Housing Service Coordination Program and SfS site. General information and training resources for SfS can be found on HUD Exchange .