#Grant monies plus#

If that is still insufficient, you do not need to top-up the shortfall with cash, provided your flat was sold at market value.

#Grant monies plus#

Next, you’ll need to return any CPF monies used to pay for the flat – either downpayment or monthly repayments – plus accrued interest.If the proceeds from the sale of your flat do not cover the amount of CPF used plus accrued interest, the cash deposit you collected from the buyer will be used.

After that, you will need to settle any outstanding mortgage you may have.

You first need to account for fees and costs relating to the sale, such as levies, legal costs, and stamp duties.

Here’s what happens when you sell your flat: When selling your flat, you may start to wonder what happens to these housing grant monies. Not much thought may be given to these grants at the point of receiving it, as they typically go straight into paying for your HDB flat. Read Also: Complete Guide To HDB Housing Grants In Singapore For Different Types Of Flats What Happens To The Grant Money When You Sell Your HDB Flat? These include grants for resale flat buyers like the Family Grant and Proximity Housing Grant, as well as grants for second-timer applicants like the Step-Up CPF Housing Grants (for second-timers), Half-Housing Grant (for Singaporeans whose spouse previously received a grant), and Top-Up Grant (for those who previously received the Singles Grant and now qualify for Family Grant).Īll of these grants are disbursed by HDB, into the CPF Ordinary Accounts of eligible homebuyers, in order to offset the purchase price of the flat, including the portion of downpayment payable with CPF monies. In fact, there is an entire family of CPF housing grants alongside the EHG. When we think of housing grants, we typically think of the Enhanced CPF Housing Grant (EHG) and its predecessors it replaced, namely the Special CPF Housing Grant and Additional CPF Housing Grant. Read Also: Complete Guide To The New Enhanced CPF Housing Grant (EHG) For First-Time BTO & Resale Flat Buyers About The Enhanced CPF Housing Grant (And Its Cousins) However, some of us might ponder a little more about the three-letter acronym of “CPF” in the name of the grants – Enhanced CPF Housing Grant (EHG) – and what implications that might have when it comes time to sell our flat. The report contents are posted as we receive them by the states.This article was originally posted on 29 January 2020, and has been updated to provide the latest information.Īs Singaporeans, we are all appreciative of the substantial grants we receive when we buy an HDB flat.

The EAC does not edit or modify the contents provided in CARES Act or HAVA Election Security Grant reports. The next expenditure reports are due to the EAC on December 29th. State by state snapshot: ES Grant Expenditures. $880 million was appropriated in FY18, FY20, and FY22.Īs of March 31, 2022, states have spent a total of $425 million (approximately 53%) of the funds. Guidance on Use of HAVA Funds for Expenses Related to COVID-19 Progress and Financial Reporting Requirements Requesting Funds - Eligible Applicants are States as defined by HAVA and the Appropriations Act(s)Įlection Security Funding 2022 - Process (slides)Įlection Security Funding 2022 - Process (recording)Īllowable Use of Funds: Physical Security Services and Social Media Threat Monitoring The Consolidated Appropriations Act of 2020 authorized an additional $425 million in new Help America Vote Act (HAVA) funds followed by the Consolidated Appropriations Act of 2022 which authorized an additional $75 million for the HAVA Election Security program. The Consolidated Appropriations Act of 2018 included $380 million in grants, made available to states to improve the administration of elections for Federal office, including to enhance technology and make certain election security improvements. This funding provides states with additional resources to secure and improve election systems. The HAVA Election Security Fund appropriations, authorized under Title I Section 101 of the Help America Vote Act (HAVA) of 2002, marked the first new appropriations for HAVA grants since FY 2010. The HAVA Election Security Funds were appropriated in 2018, 2020, and 2022.