What can my program spend CoC operating funds on?
In general, the following costs are considered eligible:
- The costs of maintenance and repair of housing not included in the lease (§ 578.55(b)(1))
- Property taxes and insurance (§ 578.55(b)(2))
- Scheduled payments to a reserve fund for the future replacement of major buildings systems. Major building systems include structural support, roofing, cladding, weatherproofing, plumbing, electrical, heating, ventilation, and air conditioning (§ 578.55(b)(3))
- Security for a housing program if more than 50 percent of the units or building area are CoC-funded (§ 578.55(b)(4))
- Utilities including electricity, gas, heating oil or other heating/cooling costs, water, sewer, and trash removal (§ 578.55(b)(5))
- Furniture (office/apartment) that remains with the project. Mattresses are also eligible costs, even if they remain with the program participant (§ 578.55(b)(6))
- Equipment, including office equipment, appliances such as microwaves, refrigerators, stoves, washers and dryers, etc. that remain with the project (§ 578.55(b)(7))
- Staff time spent carrying out the above eligible operating activities that are part of the approved grant.
Looking for definitions of the common CoC and ESG Program terms referenced throughout the Virtual Binders?
Virtual Binders Glossary
What costs are included in maintenance and repair?
Maintenance and repair include a property or unit’s upkeep, including structural, electrical, and plumbing systems. It can include everything from leaky faucets to major repairs. It includes landscaping (non-beautification) and snow removal and salting.