Project Financing Letters of intent to provide financing must be furnished for all construction and permanent funding sources (loans, grants, and equity) identified in the application. At a minimum, letters of intent must be specific to the project and detailed concerning terms and conditions. Refer to Section 3.6 of the Guide for more information regarding this requirement. Projects seeking consideration in Leveraging scoring for projected capital from a qualified Opportunity Zone fund must complete the Opportunity Zone certification included in this exhibit. Public and Assisted Housing Waiting All projects must establish a priority for households on waiting for public housing or other federal or State assisted low-income housing. To document this priority, a letter from the applicant to the local agency with jurisdiction over the project must be included in this exhibit. The letter must clearly indicate that a preference will be given to households on the waiting list. In addition, evidence must be provided that the entity maintaining the waiting list is willing to refer tenants to the project. Please refer to Section 3.3.1 of the Guide for more information. ATTACHMENTS Project Information Sheet for Notice to Local Governments (template attached) Market Analysis - A narrative and chart (table) must be provided that describes how the minimum mandatory standards will be met in order for a project to pass threshold. It is recommended that the narrative/chart address each bulleted point and clearly identify how the criteria will be met. Include a reference where the information can be found in the Market Study. Provide an electronic copy of the Market Study on CD with application. Other Project Financing - Letters of Intent or Commitment Letters for Other Loans, Equity, and Grants Letter to Local Agency Establishing Public and Assisted Housing Waiting List Priority Letter from Local Agency Agreeing to Refer Tenants from Public and Assisted Housing Waiting List Opportunity Zone Investment Certification (attached) (if applicable) LOCAL GOVERNMENT NOTIFICATION PROJECT SUMMARY DATE OF APPLICATION: NAME OF PROJECT:
Project Financing Letters of intent to provide financing must be furnished for all construction and permanent funding sources (loans, grants, and equity) identified in the application. At a minimum, letters of intent must be specific to the project and detailed concerning terms and conditions. Refer to Section 3.6 of the Guide for more information regarding this requirement. Projects seeking consideration in Leveraging scoring for projected capital from a qualified Opportunity Zone fund must complete the Opportunity Zone certification included in this exhibit. Public and Assisted Housing Waiting All projects must establish a priority for households on waiting for public housing or other federal or State assisted low-income housing. To document this priority, a letter from the applicant to the local agency with jurisdiction over the project must be included in this exhibit. The letter must clearly indicate that a preference will be given to households on the waiting list. In addition, evidence must be provided that the entity maintaining the waiting list is willing to refer tenants to the project. Please refer to Section 3.3.1 of the Guide for more information. ATTACHMENTS Project Information Sheet for Notice to Local Governments (template attached) Market Analysis - A narrative and chart (table) must be provided that describes how the minimum mandatory standards will be met in order for a project to pass threshold. It is recommended that the narrative/chart address each bulleted point and clearly identify how the criteria will be met. Include a reference where the information can be found in the Market Study. Provide an electronic copy of the Market Study on CD with application. Other Project Financing - Letters of Intent or Commitment Letters for Other Loans, Equity, and Grants Letter to Local Agency Establishing Public and Assisted Housing Waiting List Priority Letter from Local Agency Agreeing to Refer Tenants from Public and Assisted Housing Waiting List Opportunity Zone Investment Certification (attached) (if applicable) LOCAL GOVERNMENT NOTIFICATION PROJECT SUMMARY DATE OF APPLICATION: NAME OF PROJECT:
Multifamily_Application.docx