AKA/Previously Known As
SRO Moderate Rehabilitation Program
For most updated info please refer to Continuum of Care (McKinney-Vento Homeless Assistance Program). The Network will no longer update this page, as all funding now goes through the Continuum of Care/McKinney-Vento Program.
Total Annual Award
These funds are part of the McKinney-Vento Homeless Assistance Program awards. None have been awarded in New York State for the past several years.
Tenant Eligibility Criteria
Homeless individuals with disabilities, including mental illness, substance abuse, HIV/AIDS and domestic violence.
Rehabilitation projects of 100 units or less requiring at least $3,000 per unit in rehabilitation costs.
Funding Award Details
The SRO Program provided ten years of rental assistance to projects that rehabilitated former hotels or Ys into permanent supportive housing for homeless individuals. Rental assistance wss based on the Fair Market Rent for a studio apartment. Owners were compensated for the cost of some of the rehabilitation, as well as the other costs of owning and maintaining the property, through the rental assistance payments, payable through a contract with the local public housing authority.
Rental assistance within local FMR, with annual increases by HUD formula. These were usually less than the annual FMR increase.
Initial grant was 10 years, at which time rental payments were renewable annually.
Tenants paid 30% of their income for rent. However, rental formulas were calculated by the housing authority that processed the rental payments and were often inadequate for the special needs of the population served.
Due to the long term of the initial grant period (10 years), this program is no longer popular. Shorter time periods in other McKinney-funded programs allow for larger annual grant amounts. Nonprofit providers have found it difficult to negotiate rents sufficient to sustain the project after the 10-year term is up for renewal. Ongoing rental assistance originates from HUD's multifamily division, differing from where the McKinney funds are, which is the cause of much confusion about these programs.
This Continuum of Care (CoC) program will be merged into the supportive housing rental assistance funding available through McKinney as amended by the Homeless Emergency Assistance and Rapid Transition to Housing (HEARTH) Act, reauthorized last year as part of the Helping Families Save their Homes Act which goes into effect in 2012.
For More Information
Find your local Continuum of Care contact here.
Last updated: 07/06/2017
Did you know…
Homeless people given supportive housing saved NYS taxpayers an average of $10,100 per person per year.