FY 2016 Annual Renewal Demand (ARD) Now Posted
The FY 2016 CoC Final Annual Renewal Demand (ARD) Report is now posted on the HUD Exchange.
The ARD provides each CoC the Preliminary Pro Rata Need (PPRN), Final ARD, ARD at 93 percent (Tier 1), CoC Planning, and Permanent Housing Bonus amounts for each CoC listed.
As discussed in the FY 2016 CoC Program Competition NOFA, Section IV.A, approximately $1.9 billion is available in this FY 2016 CoC Program Competition. Although the amount available is expected to be sufficient to fund anticipated eligible renewal projects in FY 2016, HUD will continue to require Collaborative Applicants to rank all projects, except CoC planning and Unified Funding Agency (UFA) Costs, in two tiers.
Tier 1 is equal to 93 percent of the CoC’s FY 2016 Annual Renewal Demand (ARD) approved by HUD on the final HUD-approved Grant Inventory Worksheet (GIW), finalized either during the FY 2016 CoC Program Registration process or during the grace period that ended on July 22, 2016. Tier 2 is the difference between Tier 1 and the CoC’s ARD plus any amount available for the permanent housing bonus.
Click here to download the report, with information for Anchorage, and all other CoCs: FY-2016-CoC-Program-Competition-Final-ARD-Report
Click here for FY 2016 CoC Program Competition NOFA.