Hardest Hit Fund
Results reported for 2011Q4 cannot be compared to results reported for 2011Q3 and earlier quarters. During 2011Q4, MHC had its Home Saver software provider - Counselor Direct change the date the software uses to determine when MHC disbursed funds on behalf of a recipient. In the previous quarters the software counted an approval based on the first Due Date in the system. Since last quarter, Counselor Direct changed the logic so the software counts an approval based on the date MHC approves the payment in the reports module (called Payment Made Date in the export, or Batch Date in the payment tables), which has the effect of moving some approvals around between the quarters. MHC made this change to make Counselor Direct reporting consistent with MHC's financial reports, particularly the month period in which expenditures are recognized.
HFA Performance Data Report: