Part 1: Underwriting Documents 1 Conversion Overview Template Complete using the prescribed template Yes available on No 2 Experience & Structure of Development Yes Team: Submit the following items for the No Ownership entity, Management Agent and Development Partner (as applicable). Additional background information is not required. Organizational Chart Narrative description for each entity: Name of Entity Role in the transaction Description of relevant experience 3 LIHTC Award/Allocation Letter from Yes Credit Issuing Authority No 4 Funding Commitments: Yes Commitment from Mortgage No Lender Commitment(s) from all secondary funding sources 5 Completed RAD Physical Conditional Excel tool available for download at Yes Assessment (RPCA) Excel Tool No (Note: Only the completed tool is N/A New – required, not the full RPCA Scope of Construction OR Work. Submission of plans and Substantial only specifications is not required.) 6 Environmental Review: If converting to PBV and the Yes PBV: Submit completed Part 58 Responsible Entity (RE) is unable to No Environmental Review from complete a Part 58 review, submit a Responsible Entity Phase 1 and HUD will perform a Part 50 PBRA: Submit Phase 1 Environmental review. Review for HUD to complete Part 50 Review 7 Development Sources & Uses Please submit the most updated Yes Sources and Uses Document may be a No – document prepared for the LIHTC investor or lender. 8 Operating Pro Please submit the most updated Yes Operating pro forma may be a No –
Part 1: Underwriting Documents 1 Conversion Overview Template Complete using the prescribed template available on Yes No 2 Experience & Structure of Development Team: Submit the following items for the Ownership entity, Management Agent and Development Partner (as applicable). Additional background information is not required. Organizational Chart Narrative description for each entity: Name of Entity Role in the transaction Description of relevant experience Yes No 3 LIHTC Award/Allocation Letter from Credit Issuing Authority Yes No 4 Funding Commitments: Commitment from Mortgage Lender Commitment(s) from all secondary funding sources Yes No 5 Completed RAD Physical Conditional Assessment (RPCA) Excel Tool (Note: Only the completed tool is required, not the full RPCA Scope of Work. Submission of plans and specifications is not required.) Excel tool available for download at Yes No N/A – New Construction OR Substantial only 6 Environmental Review: PBV: Submit completed Part 58 Environmental Review from Responsible Entity PBRA: Submit Phase 1 Environmental Review for HUD to complete Part 50 Review If converting to PBV and the Responsible Entity (RE) is unable to complete a Part 58 review, submit a Phase 1 and HUD will perform a Part 50 review. Yes No 7 Development Sources & Uses Please submit the most updated Sources and Uses Document – may be a document prepared for the LIHTC investor or lender. Yes No 8 Operating Pro Please submit the most updated Operating pro forma – may be a Yes No
RAD%20LIHTC%20Fast%20Track%20PHA%20Submission%20Checklist%20Final%206.4.14.docx