Tax Exempt Bond and Preservation Loan Fund Checklist Submission Requirements This application is designed for all tax-exempt bond requests and any Preservation Loan Fund requests whether or not they include tax exempt bonds and 4% credits. Each Applicant submitting a proposal to RIHousing must include one copy of the drawings and specifications, one CD or thumb drive containing a completed pro-forma, and an original and two copies of each of the following documents along with the application. In addition, a full electronic copy that follows the checklist should be submitted electronically on a CD or thumb drive. Please use three-ring binders with tabs dividing the sections. INITIAL REVIEW SUBMISSION REQUIREMENTS 1. Funding Application. 2. Submission Checklist. A copy of this submission checklist is to be completed by applicant to indicate whether each submission requirement is Complete, Incomplete, or N/A. 3. Application Fee. See Developers Handbook for a description of the application fee requirements. 4. Development Information: A. Development Summary Narrative: Provide a detailed narrative of the development proposal that reflects the goals of the Applicant and the QAP, if applicable, and describes how the proposed design will meet the needs of the targeted population. The narrative should include, at a minimum, a discussion of: Building and unit type; Households currently served by the development (i.e. senior, family, disabled) and proposed households going forward; Proposed healthy, energy efficiency and sustainable design features; Proposed scope of work and discussion of how this scope was derived; Construction pricing and how determined; Financing structure and capital stack including details regarding operating costs, proposed debt service; Discussion of timeline and anticipated obstacles to reaching Firm Commitment. B. Permitting Approvals: Applicant will be required to (i) submit evidence of all permitting approvals or (ii) demonstrate that permitting scoring is not applicable.
Tax Exempt Bond and Preservation Loan Fund Checklist Submission Requirements This application is designed for all tax-exempt bond requests and any Preservation Loan Fund requests whether or not they include tax exempt bonds and 4% credits. Each Applicant submitting a proposal to RIHousing must include one copy of the drawings and specifications, one CD or thumb drive containing a completed pro-forma, and an original and two copies of each of the following documents along with the application. In addition, a full electronic copy that follows the checklist should be submitted electronically on a CD or thumb drive. Please use three-ring binders with tabs dividing the sections. INITIAL REVIEW SUBMISSION REQUIREMENTS 1. Funding Application. 2. Submission Checklist. A copy of this submission checklist is to be completed by applicant to indicate whether each submission requirement is Complete, Incomplete, or N/A. 3. Application Fee. See Developers Handbook for a description of the application fee requirements. 4. Development Information: A. Development Summary Narrative: Provide a detailed narrative of the development proposal that reflects the goals of the Applicant and the QAP, if applicable, and describes how the proposed design will meet the needs of the targeted population. The narrative should include, at a minimum, a discussion of: Building and unit type; Households currently served by the development (i.e. senior, family, disabled) and proposed households going forward; Proposed healthy, energy efficiency and sustainable design features; Proposed scope of work and discussion of how this scope was derived; Construction pricing and how determined; Financing structure and capital stack including details regarding operating costs, proposed debt service; Discussion of timeline and anticipated obstacles to reaching Firm Commitment. B. Permitting Approvals: Applicant will be required to (i) submit evidence of all permitting approvals or (ii) demonstrate that permitting scoring is not applicable.
PLPF_Application_Checklist_2018-09-06.docx