Pay particular attention to the financial hardship narrative — reviewers will use it to understand the real-world impact on your operations.
The strongest applications will clearly document financial need and demonstrate the impact that insurance costs are having on your organization's ability to provide housing or shelter services. Applications are prioritized based on financial distress indicators (such as insurance costs exceeding 20 percent of non-staff operating costs, reserves below three months of operations, or negative cash flow), risk of defaulting on debt service obligations, and whether the property provides more than 15 percent of beds in its
HB 3644 shelter region or more than 5 percent of its county's permanent supportive housing units.
Make sure all required documents are complete, legible, and submitted on time.