N.Y. Comp. Codes R. & Regs. tit. 18 § 800.6

Current through Register Vol. 46, No. 51, December 18, 2024

Section 800.6 - Funding limitations

(a) The applicant shall demonstrate to the satisfaction of the department the projected availability and source of monies to meet other capital expenditures and program development costs not to be funded under this Part. The department may issue a time-limited letter of intent to commit funds under this Part if such commitment is necessary to secure other sources of funding for project costs. Final contracts, however, will not be awarded under this Part if completion of the project remains contingent upon the receipt of additional outside funding that has not been obtained.

(b) The applicant must show to the satisfaction of the department an ability to administer the project in accordance with the provisions of this Part for a period of seven years or a longer period if required by the department. Such a demonstration must include a detailed budget for the first year and projections for future years including, where appropriate, a statement of the assumptions upon which the projections are based.

(c) An applicant whose project would require certification by a State agency must otherwise satisfy the requirements of such agency for the financial viability of the project.

(d) A single municipality shall not be awarded a contract or contracts which would result in that municipality receiving more than 50 percent of the total amount appropriated to the Homeless Housing and Assistance Fund in any fiscal year.

(e) No more than 25 percent of the total amount appropriated to the Homeless Housing and Assistance Fund may be allocated to provide financial assistance for allowable "other than project" costs where such financial assistance can be demonstrated to be necessary. In determining whether financial assistance for other than project costs is necessary, the commissioner shall consider the proposed project's plan for meeting operating expenses, the efforts made by the contracting organizations to secure alternative sources of funding for other than project costs, and such other factors as the commissioner shall deem appropriate.

(f) Projects which are eligible for capital expenditures and program development costs from other sources of funding must have applied for and/or fully obligated awards from those sources before applying funds under this Part, in order to maximize the effect of State financial assistance.

N.Y. Comp. Codes R. & Regs. Tit. 18 § 800.6