conditions at or affecting the location of the activity or project will have a significant environmental effect and/or present extraordinary circumstances that may render a project infeasible Site Control Site control is not a requirement to participate in the CHDO Predevelopment Loan Program for those applicant/owners seeking to establish preliminary feasibility of a specific project. However, applicants must have performed their due diligence to contact, inquire and obtain a proposed selling price from the owner of the parcel of land presented in the project Application Applications must be submitted in the form prescribed by the CHDO Predevelopment Loan Program Application (attached). Funding decisions will be based on a panel review and scored based on need, organizational capacity, and project feasibility: Need - 40 points Organizational Capacity -30 points Project Feasibility -30 points One original application and four photocopies must be submitted. Original must be clearly marked “Original”. DHCD will send via email to the applicant Information contact an of “acknowledgement within 24 hours of receiving the application. Applicants are responsible for confirming receipt” that their application has been received by DHCD. Application must receive a minimum of 60 points to be considered for funding. Applications are due by 5:00 P.M. on the following dates: December 30, 2011 March 30, 2012 June 29, 2012 Mailed or hand delivered to: Department of Housing and Community Development Main Street Centre 600 East Main Street, Suite 300 Richmond, VA 23219 Attn: Predevelopment Application -Kevin Hobbs
conditions at or affecting the location of the activity or project will have a significant environmental effect and/or present extraordinary circumstances that may render a project infeasible Site Control Site control is not a requirement to participate in the CHDO Predevelopment Loan Program for those applicant/owners seeking to establish preliminary feasibility of a specific project. However, applicants must have performed their due diligence to contact, inquire and obtain a proposed selling price from the owner of the parcel of land presented in the project Application Applications must be submitted in the form prescribed by the CHDO Predevelopment Loan Program Application (attached). Funding decisions will be based on a panel review and scored based on need, organizational capacity, and project feasibility: Need - 40 points Organizational Capacity -30 points Project Feasibility -30 points One original application and four photocopies must be submitted. Original must be clearly marked “Original”. DHCD will send via email to the applicant Information contact an “acknowledgement of receipt” within 24 hours of receiving the application. Applicants are responsible for confirming that their application has been received by DHCD. Application must receive a minimum of 60 points to be considered for funding. Applications are due by 5:00 P.M. on the following dates: December 30, 2011 March 30, 2012 June 29, 2012 Mailed or hand delivered to: Department of Housing and Community Development Main Street Centre 600 East Main Street, Suite 300 Richmond, VA 23219 Attn: Predevelopment Application -Kevin Hobbs
Predevelopment%20Loan_%20Manual_Application.docx