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<br /> g <br /> $' ~ <br /> HUD's Timely Expenditure ::c ell <br /> o z <br /> e .. ~ <br /> ~ .. tI <br /> Requirements ~~ o~ <br /> 4~ Ci <br /> l) HUMP.~ <br /> . No more than 1.5x of entitlement by May 1 <br /> . Need to avoid losing the funding dollars <br /> . Bradford Street Project <br /> · Two years of funding to date <br /> . Cedar Street Project <br /> · Meets the "Ready To Go" test <br /> · Possibly close escrow in May <br /> . Before = 2.06x, After = 1.16x <br /> . Back-fill the Bradford Street project in a later <br /> funding cycle. <br />