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AFS - Annual Audited Financial Statements
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BLI - Budget Line Item (in LOCCS)
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BOSS - Budget Outlay Support System
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CBD - Commerce Business Daily
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CFFP - Capital Fund Financing Program
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CFP - Capital Fund Program
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CPU - Cost Per Unit (Total Cost/Number of Units)
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DARTS - Departmental Accounts Receivable Tracking/Collection System
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DCR - Debt Coverage Ratio (NOI/Hard Debt)
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DSCR - Debt Service Coverage Ratio
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DUNS - Dun and Bradstreet Numbering System
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EGI - Effective Gross Income (GPR - Vacancy Loss + Other Income = EGI)
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FY - Fiscal year
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IBS - Integrated Business System
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IRR - Internal Rate of Return
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NOI - Net Operating Income (EGI - Operating Expenses = NOI)
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NPV - Net Present Value
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PFS - Pre-Foreclosure sale (REO program)
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PHA - Public Housing Authority
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PV - Present Value
Mortgage: Acronyms
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ARRA - American Recovery and Reinvestment Act
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BEDI - Brownfields Economic Development Initiative. Grants, connected with 108 guaranteed loans
to improve security of viability of projects
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BLS - Bureau of Labor Statistics, U.S. Department of Labor
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BRI - Brownfields Redevelopment Initiative. Interagency initiative addressing financial and legal
risks of brownfield clean-up and redevelopment
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Budget Authority - Legal authority to enter into financial obligations
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CDBG - Community Development Block Grant (CPD program)
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CEF - Community Empowerment Fund; administered by CPD
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CFCF - Capital Fund Education and Training Community Facilities
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CFO - Chief Financial Officer (HUD Office of)
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CFR - Code of Federal Regulations
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CHAS - Comprehensive Housing Affordability Strategy
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CHDO - Community Housing Development Organization. Nonprofit housing provider receiving
minimum of 15% of HOME Investment Partnership funds
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CIO - Chief Information Officer (HUD Office of)
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CITI - Correcting Incorrect Tenant Identifiers
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CMHI - Cooperative Management Housing Insurance Fund. One of four FHA funds
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CoC - Continuum of Care approach to assistance to the homeless
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COCC - Central Office Cost Center
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Continuum of Care - Federal program stressing permanent solutions to homelessness
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COE - Army Corps of Engineers
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Con Plan - Consolidated Plan; a locally developed plan for housing assistance and urban
development under the Community Development Block Grant and other CPD programs
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Contract Authority - Statutory authority. Budget authority permitting contracting or obligations prior
to an appropriation for payment
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CPD - Community Planning and Development (HUD Office of)
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CSI - Community Strategies Institute
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DAP - Down payment Assistance Program (FHA - Single Family Housing) or Development
Application Processing (FHA - Multifamily Housing)
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Data Warehouse - Information system storing HUD program and operational data
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Davis Bacon - Statutory requirement that persons working on federally assisted projects be paid at
least minimum prevailing wage rates
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DEC - Departmental Enforcement Center
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DHAP - Disaster Housing Assistance Program (HCV Program)
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DOT - Declaration of Trust
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EA - Environmental Assessment. Analysis to determine the affect of a project on the environment.
May lead to an Environmental Impact Statement (EIS)
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EC - Enterprise Community or Enforcement Center (formally called Departmental Enforcement
Center)
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EDA - Economic Development Administration (part of Dept. of Commerce)
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EDI - Economic Development Initiative (CPD program)
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EDSS - Economic Development and Supportive Services (CPD program)
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EEO - Equal Employment Opportunity
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EIV - Enterprise Income Verification
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EMAD - Economic and Market Analysis Division
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EPA - U.S. Environmental Protection Agency
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EZ - Empowerment Zone
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FAR - Federal Acquisition Regulation
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FEMA - Federal Emergency Management Administration
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FERA - Front-End Risk Assessments (FERAs) are documented reviews by management of a
component's susceptibility to waste, fraud, abuse and mismanagement. FERAs are
conducted on new or substantially revised programs or administrative functions
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FHA - Federal Housing Administration (HUD Office of Housing)
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FHIP - Fair Housing Initiatives Program (FHEO program). Program to assist state/local government,
community groups and housing resource boards to combat housing discrimination
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FHLMC - Federal Home Loan Mortgage Corporation. Federally chartered stockholder owned
corporation supporting secondary market for conventional mortgages
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FNMA - Federal National Mortgage Association. Federally chartered, stockholder owned
corporation supporting secondary market for FHA, VA and conventional mortgages
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FOIA - Freedom of Information Act
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Ginnie Mae - (HUD) Government National Mortgage Association
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GIS - Geographic Information System
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HARP - Home Affordable Refinance Program
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HOPE VI - Program for Revitalization of Severely Distressed Public Housing (PIH program)
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HUD - U.S. Department of Housing and Urban Development
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MBA - Mortgage Bankers Association
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MBE - Minority Business Enterprise
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MBS - Mortgage-Backed Securities (for secondary market issued by Ginnie Mae)
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MDDR - Multifamily Delinquency and Default Reporting
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MHA - Making Home Affordable
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REO - Real estate owned (in reference to defaulted FHA-insured properties)
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USDA - U.S. Department of Agriculture
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VA - Veterans Affairs (U.S. Department of)
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