3 - Becoming a CoC Partner/Funded Project
Section 1- Leasing
Lease for unit or structure is between recipient or subrecipient and the property owner. The recipient or subrecipient enters into a sublease or occupancy agreement with the program participant.
Leasing funds can pay for:
Rent for the unit or structure
Security deposit for up to 2 months
First and last month’s rent (up to one month each, allowed as an advanced payment)
Staff or related costs to carry out leasing activities including conducting Housing Quality Standards (HQS), paying landlords, etc.
Payments on unoccupied units while identifying a new program participant
Section 2- Rental Assistance
Rental assistance can pay a portion of the rent and length of time of rental assistance can be provided varies depending upon program component
Other costs besides rent that rental assistance funds can be used for:
Property damages
Vacancies (30 to 90 days depending on circumstances)
Security deposits and first and last months rent
Rents above FMR that are within rent reasonableness
Adding participants & units in excess of the original proposal
Section 3 - Leasing & Rental Assistance
Section 4 - Learning Management System (LMS)
The CoC Grant Competition Task Group partnered with staff from the Institute for Community Alliances (ICA) to create a training course on the Learning Management System (LMS) focused on expectations of CoC funded projects, called CoC 101 Training. If you are a current Wellsky system user, you can click here to enroll for the training.
If you are not currently a user, please contact support@icalliances.org to get set up within the Wellsky system.