CoC Application 1E-5 (Reallocation Formula) | Oxnard, San Buenaventura/Ventura County CoC
We received confirmation today from a HUD AAQ of the formula HUD would like us to use in determining your reallocation percentage from FY15-18.
Here is the language from HUD:
Applicants should determine the percentage of the CoC’s ARD reallocated between the FY15 and FY18 by adding the reallocated amounts for FY15, FY16, FY17 and FY18 and dividing the sum by the FY15 ARD. The percentage reported must include the sum of all reallocation including reduced and eliminated projects.
This increased our reallocation percentage from 10% to 42%.
Best of luck as you wrap up your applications!