Lender’s Architectural Reviewer and Cost Analyst’s Statement of Work Section 232 New Construction, Substantial Rehabilitation, and 241(a) – REVIEW PHASE Firm Application Initial Closing TECHNICAL QUALIFICATIONS Lender’s Architectural Reviewer The must have experience with construction within the healthcare Lender’s Architectural Reviewer field. The Reviewer must be knowledgeable and experienced with local building standards and construction methods for the type of project proposed, including the Federal Fair Housing Accessibility Guidelines, and the Uniform Federal Accessibility dards. The Architectural Reviewer is preferably a registered architect or engineer. However, persons with a degree in architecture or engineering with three years of experience in their respective field may also provide this service. Additionally, individuals with experience as a construction manager, estimator, general superintendent of construction, draftsperson, degree in building construction, may also qualify to provide architectural services. The Architectural Reviewer may also serve as the Cost Analyst if the qualifications are met. Cost Analyst Lender’s The Lender shall hire a qualified construction cost estimator with experience within the healthcare field. The estimator must be knowledgeable and experienced with local building standards and construction costs for the type of project proposed. The Cost Analyst may also serve as the Architectural Reviewer if the qualifications are met. Contractual Requirements The contract must be with either a sole proprietor or a firm with an identified individual. Either a single firm or an affiliated group of firms is acceptable, as long as they represent all the essential disciplines necessary to perform the required work. TYPES OF SUBSTANTIAL REHABILITATION Substantial rehabilitation can encompass a wide range of renovations – from “gut” rehabilitations that replace or newly construct nearly everything, to replacements and renovations that barely exceed the substantial rehabilitation threshold. In the case of a rehabilitation, the architectural review and cost analysis will be extremely similar to “gut” new construction As the scope of rehabilitation narrows (fewer replacements and fewer areas are involved), the architectural review and cost analysis will become a blending of new construction and PCNA requirements. For instance, the necessity of providing a replacement reserve analysis increases as fewer elements are replaced. In lieu of requiring the total replacement of elements expiring within the next 5 years, a replacement reserve analysis prepared in accordance with the Section 232/223(f) Statement of Work for Project Capital Needs Assessment can be provided to determine an appropriate initial and annual deposit to the replacement reserve. In the case of a with an that qualifies for substantial rehabilitation, a full PCNA is “refinance addition” required in addition to the architectural review and cost analysis. GENERAL RESPONSIBILITIES
Lender’s Architectural Reviewer and Cost Analyst’s Statement of Work Section 232 – New Construction, Substantial Rehabilitation, and 241(a) REVIEW PHASE Firm Application Initial Closing TECHNICAL QUALIFICATIONS Lender’s Architectural Reviewer The Lender’s Architectural Reviewer must have experience with construction within the healthcare field. The Reviewer must be knowledgeable and experienced with local building standards and construction methods for the type of project proposed, including the Federal Fair Housing Accessibility Guidelines, and the Uniform Federal Accessibility dards. The Architectural Reviewer is preferably a registered architect or engineer. However, persons with a degree in architecture or engineering with three years of experience in their respective field may also provide this service. Additionally, individuals with experience as a construction manager, estimator, general superintendent of construction, draftsperson, degree in building construction, may also qualify to provide architectural services. The Architectural Reviewer may also serve as the Cost Analyst if the qualifications are met. Lender’s Cost Analyst The Lender shall hire a qualified construction cost estimator with experience within the healthcare field. The estimator must be knowledgeable and experienced with local building standards and construction costs for the type of project proposed. The Cost Analyst may also serve as the Architectural Reviewer if the qualifications are met. Contractual Requirements The contract must be with either a sole proprietor or a firm with an identified individual. Either a single firm or an affiliated group of firms is acceptable, as long as they represent all the essential disciplines necessary to perform the required work. TYPES OF SUBSTANTIAL REHABILITATION Substantial rehabilitation can encompass a wide range of renovations – from “gut” rehabilitations that replace or newly construct nearly everything, to replacements and renovations that barely exceed the substantial rehabilitation threshold. In the case of a “gut” rehabilitation, the architectural review and cost analysis will be extremely similar to new construction As the scope of rehabilitation narrows (fewer replacements and fewer areas are involved), the architectural review and cost analysis will become a blending of new construction and PCNA requirements. For instance, the necessity of providing a replacement reserve analysis increases as fewer elements are replaced. In lieu of requiring the total replacement of elements expiring within the next 5 years, a replacement reserve analysis prepared in accordance with the Section 232/223(f) Statement of Work for Project Capital Needs Assessment can be provided to determine an appropriate initial and annual deposit to the replacement reserve. In the case of a “refinance with an addition” that qualifies for substantial rehabilitation, a full PCNA is required in addition to the architectural review and cost analysis. GENERAL RESPONSIBILITIES