This program is a fantastic opportunity for your business to make a significant impact in your community while also enhancing your bottom line. You can apply for funding to create new permanent supportive housing units, which addresses homelessness directly. This is not just about funding; it's about positioning your business as a vital player in a meaningful cause.

The flexibility of this funding allows you to use it for various purposes, such as construction, supportive services, and even administrative costs—tailoring it to meet your project's specific needs. With up to 20% of your funding allocated for eligible activities and another 10% for project administration, you have room to maximize the effectiveness of your efforts. By participating, you won't just help individuals and families in need; you'll elevate your brand, expand your reach, and build lasting relationships in your community.

Getting involved is straightforward, making it easy for you to start making a difference. This program supports businesses like yours, where every dollar counts and every effort matters.

Type of Financing
This program offers one-time awards, which can be considered a type of grant. Grants are funds that do not need to be repaid, giving you the opportunity to invest in your project without the pressure of debt.

Repayment Terms and Fees
There are no repayment terms or interest rates associated with these grants, meaning you won’t incur any debt from receiving the funding. Additionally, there are generally no fees for applying or receiving the grant, making this a favorable option for businesses looking to expand.

Eligible Expenses
You can use the funds for various eligible expenses, including:

• New construction, acquisition, or rehabilitation of permanent supportive housing units
• Supportive services related to the project
• Operating costs associated with running the units
• Project administration (up to 10% of the award).

However, the funds may not be used for direct costs related to housing that is not classified as permanent supportive housing, nor for activities that do not align with the program’s goals. It’s essential to review these guidelines carefully to ensure compliance.

• Location: Must be within Continuum of Care (CoC) geographic areas.
• Sectors: Open to all sectors.
• Employees: No minimum or maximum employee requirement.
• Company Revenue: No minimum or maximum revenue requirement.
• Legal Structure: All legal structures are eligible.
• Profit Structure: All profit structures are eligible.

Disqualifications: None mentioned in the context.

This program is designed to help reduce homelessness by creating new permanent supportive housing units. You can receive funding to construct, acquire, or rehabilitate these units. The funding allows you to make a positive impact in your community while also benefiting your business.

You can use this funding for a variety of purposes, including supportive services, operating costs, and administrative expenses related to your housing project. This flexibility means you can tailor the use of funds to fit the specific needs of your project, maximizing its effectiveness. It's important to note that up to 20% of your funding can go towards eligible CoC activities and 10% can be allocated for project administration.

By participating in this program, you contribute to a vital cause while also gaining support for your projects. This is a chance to make a real difference while enhancing your business's role in the community.