e-snaps FAQ
Q

May project applicants create new projects using both bonus and reallocation funds for the FY 2018 CoC Program Competition?

Date Published: June 2018

Print ShareThis

A

Yes. Project applicants may use a combination of both bonus and reallocation funds to create a single new project. However, project applicants are limited to the total amount available under these two types of funds when creating projects, even when combining funds to create a single new project. For example, if a CoC has $100 available in bonus funds and reallocates $100 from eligible renewal projects and chooses to create a single new project combining the funds, the new project's budget cannot exceed $200.

If new project applications exceed the total amount available under the bonus and reallocation process, HUD will reduce the CoCs total new request beginning with the lowest ranked new project application.


Tags: e-snaps NOFAs/Notices - FY 2018 NOFA Project Application - New Projects Project Application - Reallocation Project Application - Bonus Projects

FAQ ID:

3389