CoC Builds Notice of Intent

Please accept this as a notice of Intent for the CoCBuilds Notice of Funding Opportunity application. To be considered, letter of intent must be received by 5 pm on August 22, 2024. The application may include one or more subrecipients and HUD encourages collaborative efforts.

Eligible applicants:

Applicants must be non-profit organizations, with a proven history of successfully developing and managing housing projects and leveraging resources to create affordable housing.
Prospective applicants must be in a position to sign a grant agreement with HUD no later than September 1, 2025. Applicants must demonstrate in their letter of intent that they will have site control for the proposed site by September 1, 2025.
Prospective applicants must demonstrate that they have experience with at least 4 similar development projects and that they have 3 examples of having leveraged funds for similar development projects.
Prospective applicants must be able to demonstrate that they have experience in managing at least 4 properties providing housing and services to people who formerly experienced homelessness.
HUD has specific leveraging requirements for CoC Builds projects and to be successful an applicant will need to demonstrate that it can secure additional capital funding or rental subsidies for the proposed project. Other capital resources should equal at least 50 percent of the funds requested through CoC Builds and rental subsidies should cover at least 25 percent of the units proposed. Prospective applicants can demonstrate that they can meet either the capital or rental subsidies requirement.

Funding Available for PWA CoC:

$5,000,000

20% eligible CoC Program activities associated with the PSH project, (e.g., supportive services, operating costs, administrative costs
10% eligible for project administration

1. Project Applicant:

2. UEI Number

3. Proof of Eligibility (i.e. non-profit documentation, county, city, state government):

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4. Description of financial management to administer funds, include experience:

5. Total Amount of funds for which you are requesting:

7. What is the percentage of project funding dedicated to:

Acquisition:

Rehabilitation:

New Construction:

The number of people the proposed project will serve annually (Selective Service):

How will the project establish eligibility (Selective Service):

Operating costs:

Administrative costs:

8. Proposed match available to the project (25% match required):

9.

Recipients will be expected to align with goals and objectives outlined in the CoCBuilds Notice of Funding Opportunity Notice and the Prince William Area Continuum of Care (PWA CoC) requirements. Provide a brief description of how the project will meet each of the following:

The project will meet the Project Eligibility Requirements of the CoCBuilds Notice of Funding Opportunity including:
- Reduce Homelessness: Prioritizing individuals and families experiencing homelessness where at least one individual in the household has a disability
- Ensure Access to and Increase the Production of Affordable Housing
- Increase the Supply of Housing
- Advance Sustainable Communities
- Strengthen Environmental Justice
- Integrate Health and Housing
- Recipients will spend funding in a timely fashion, drawing project funds on a quarterly basis at a minimum
Recipients will complete all reporting requirements as required by HUD according to established due dates

PWA Continuum of Care requirements:

Recipients will participate in the PWA Continuum of Care designated Homeless Management Information System
Recipients will participate in the PWA Continuum of Care Coordinated Entry system
Recipients will participate in the annual Sheltered Point-in-Time count
Recipients will complete all PWA Continuum of Care reporting requirements as required according to established due dates
Comply with the PWA Continuum of Care monitoring process