Rental Housing Works (RHW) Application Revised 8/1/2013 This application is for RHW funding only. A separate application for Multifamily Bond Program (MBP), LIHTC and any other DHCD funding must be completed using the Department’s standard Application Submission Package, a copy of which is available at the following website, and must have been submitted in advance or at the same time as this RHW application: All requests for RHW funding must complete the checklist below and provide the requested documentation. CDA Form 202 attach a completed CDA Form 202. The requested RHW funds must be clearly – identified and must conform to the RHW limitations on funding as described below. The CDA Form 202 can be downloaded from the following website: RHW Loan Limitation: applications are subject to an overall maximum loan amount per project of $2.5 million. Notwithstanding the foregoing, in no event shall RHW funding be provided in excess of an amount necessary to make a project financially feasible and viable as determined by the Department and in accordance with Section 42 of the Internal Revenue Code. Zoning- attach written documentation showing that the required zoning for use and density of the development is in place at the time of application. A letter from the local zoning office is proper documentation. An approved PUD resolution or a local jurisdiction’s equivalent to a PUD resolution satisfies this requirement. Development or site plan approval is not required at application. Conditional use or special exception approval also is not required at threshold and is up to the developer to obtain before closing. Other Competitive Funding- by submitting this application, the applicant is certifying that the award of any competitive sources of public and private funding necessary for the project’s financial feasibility has been made. FTE Job Calculator attach a completed FTE Job Calculator to provide an estimate of the full-time – equivalent (FTE) jobs to be created as a result of the proposed project. An FTE equals 2,080 hours per year. The FTE Job Calculator can be downloaded from the following website: Applicants must complete the attached Certification to RHW Application Submission Package – certification. CERTIFICATION TO RENTAL HOUSING WORKS APPLICATION SUBMISSION PACKAGE ACCESS TO PUBLIC RECORDS ACT NOTICE AND WAIVER
Rental Housing Works (RHW) Application Revised 8/1/2013 This application is for RHW funding only. A separate application for Multifamily Bond Program (MBP), LIHTC and any other DHCD funding must be completed using the Department’s standard Application Submission Package, a copy of which is available at the following website, and must have been submitted in advance or at the same time as this RHW application: All requests for RHW funding must complete the checklist below and provide the requested documentation. CDA Form 202 – attach a completed CDA Form 202. The requested RHW funds must be clearly identified and must conform to the RHW limitations on funding as described below. The CDA Form 202 can be downloaded from the following website: RHW Loan Limitation: applications are subject to an overall maximum loan amount per project of $2.5 million. Notwithstanding the foregoing, in no event shall RHW funding be provided in excess of an amount necessary to make a project financially feasible and viable as determined by the Department and in accordance with Section 42 of the Internal Revenue Code. Zoning- attach written documentation showing that the required zoning for use and density of the development is in place at the time of application. A letter from the local zoning office is proper documentation. An approved PUD resolution or a local jurisdiction’s equivalent to a PUD resolution satisfies this requirement. Development or site plan approval is not required at application. Conditional use or special exception approval also is not required at threshold and is up to the developer to obtain before closing. Other Competitive Funding- by submitting this application, the applicant is certifying that the award of any competitive sources of public and private funding necessary for the project’s financial feasibility has been made. FTE Job Calculator – attach a completed FTE Job Calculator to provide an estimate of the full-time equivalent (FTE) jobs to be created as a result of the proposed project. An FTE equals 2,080 hours per year. The FTE Job Calculator can be downloaded from the following website: Certification to RHW Application Submission Package – Applicants must complete the attached certification. CERTIFICATION TO RENTAL HOUSING WORKS APPLICATION SUBMISSION PACKAGE ACCESS TO PUBLIC RECORDS ACT NOTICE AND WAIVER
RHW_application.docx