• HUD Guidance

Converting Site-Based Projects Under 15- or 20-Year Use Restrictions Without Having to Repay Funds

Date Published: January 2016

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Description

This guidance document provides information and alternatives on what recipients can do with properties under use restrictions. To achieve the goals of Opening Doors and to better serve people experiencing homelessness, HUD is encouraging recipients of Continuum of Care (CoC) Program funds to assess their projects to determine whether they should be reallocated or repurposed. The alternatives include using properties for another purpose or selling properties and using the proceeds to provide homeless assistance.

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Tags: CoC
Author Organization
  • HUD
Resource Approver
  • HUD Approved