HUD Continuum of Care Builds FY2024 Funding Competition
Local Selection Process
HUD has announced a new funding opportunity through the Continuum of Care funding process called the CoCBuilds NOFO. This opportunity aims to support the production of affordable permanent supportive housing in the community. HUD aims to award 25 projects nationwide through this funding opportunity. To evaluate whether or not Monmouth County will be competitive nationwide the HSC Executive Committee is seeking applications from non-profit, PHA, or government entity’s for affordable housing projects that meet the following criteria:
- Permanent Supportive Housing Projects
- Construction, acquisition, or rehabilitation of new PSH units
- Demonstrate site control or able to secure site control by September 2025
- Demonstrate leveraging commitment of 50% of amount being requested or commitment of vouchers to support 25% of units
- Budget cannot exceed $5,000,000
Please note only one project can be recommended per Continuum of Care. A project will need to secure a minimum of 60/100 points on the attached scoring tool to even be considered. Applications are due Friday September 27th at 4pm via email to kvienckowski@monarchhousing.org and emma.hess@co.monmouth.nj.us
Materials for this application are attached and available at
There will be a technical assistance session for all interested applicants:
:
Thursday August 22nd 10am
Register in advance for this meeting:
https://us02web.zoom.us/meeting/register/tZYvduGvqzgpGtfrDeqqbkHIsJhEdfuX1Hmm
After registering, you will receive a confirmation email containing information about joining the meeting.
We strongly encourage all agencies interested in CoC funding to review the FY2024 CoCBuilds NOFO released by HUD for a full description of federal funding priorities and the application process:
https://www.hud.gov/sites/dfiles/CFO/documents/Foa_Content_of_FR-6800-N-25A.pdf
If you have any questions, please feel free to contact Kasey at kvienckowski@monarchhousing.org