“Leasing, Operating, Actual Rents: DO NOT “Submit without Changes”
For
the FY 2021
CoC Progr
am Competition, rene
wal
pr
ojects
that included r
ent
al assi
st
ance
and permanent housing pr
ojects
that
included
leasing, leased structures and/or operating costs may have received Fair Market Rent (FMR) based increases for these BLIs. Because FY 2020
funds were awarded non-competitively, these projects are not in e-snaps with the FY 2020 amounts and the project’s budget numbers are
currently populated in e-snaps with the FY 2019 amounts. Therefore, you should pay close attention to the funding line items that are being
requested. Any renewal project that has a rental assistance line item with “actual” costs (not FMR costs) must make an adjustment to the
project’s budget. Additionally, renewal projects that have leasing, leased structures or operating costs in a renewal project will also need to
make an adjustment to their project’s budget. NOTE: You should not use the “Submit Without Changes” if your FY 2020 award included an
increase in actual rental assistance, leasing, or operating costs.
If your rental assistance project uses full FMR Rents for your rental assistance funding request, you are not impacted, and will not need to
make any budget adjustments in e-snaps.
Renewal projects that are awarded funds for rental assistance that request less than FMR (meaning a per-unit amount based on the actual
rent costs per unit) may be increased based on the average increase in FMR amounts within the CoC’s geographic area, weighted for
population density. The same is true for projects with leasing, leased structures or operating costs in a Renewal project.
The Grant Inventory Worksheets (GIWs) posted for each CoC included the correct updated budget amounts. Every project applicant that is
renewing a project with a rental assistance BLI that selected “actual” (not FMR) must enter the correct amounts in the budget(s) for their e-
snaps project application from the report included in this email. This report contains rental assistance amounts down to the Bedroom size
level that are not contained in the BLI level on the GIW. The number of units at each Bedroom size in your project(s) are contained in the
Note: Every renewal project with leasing, leased structures or operating costs must enter the correct BLI
amounts from their 2021 GIW into their project application budget.