HUD's Note Regarding Tier 2 Funding
This morning Secretary Castro announced $355 million in Tier 2 awards for the FY 2015 CoC Program Competition . This round of funding was the most competitive ever, both locally and nationally. This is consistent with HUD’s policy goals as well as Congressional direction to stringently review performance, increase competition for CoCs, and not simply fund renewals in the FY 2015 CoC competition. There are some communities that scored very high that will see an increase in funding in FY 2015 while other CoCs will see a decrease in overall funding. There are multiple factors that could have resulted in a lower amount of funding. A CoC may have scored poorly on the CoC Application, projects included on the Priority Listing in Tier 2 may have scored poorly or not met threshold requirements or the FMR for one or more geographic area within the CoC may have declined. Many transitional housing were not renewed. There were very clear incentives provided in the FY 2...