Laserfiche WebLink
Housin • Assistance Polic - Afforda <br />Use of energy efficient windows /doors= 2 points <br />Other energy efficient new technology as approved by the City= 2 <br />points <br />Total Points <br />FINANCIAL REQUIREMENTS /INFORMATION <br />Financial award is based on availability of funds. Maximum funding is set at $8,000 per unit or not <br />greater than 15% of entire project cost. Owner equity must be greater than 10 %. <br />Eligible Uses of Funding <br />Eligible uses of funding include; site acquisition, land improvements, building construction, and payment <br />of development fees <br />Required Information <br />1. Sources and Uses Statement (below) <br />2. Financial Scoring Scorecard (below) <br />3. Organizational Financial Statements (2 years of P &L and Balance Sheet) <br />4. Personal Financial Statements of Stakeholders and Tax Returns (2 years) <br />5. Project Pro forma /Projections (2 year projections) <br />6. Letter(s) of Commitment from other Funding Sources (terms, conditions) <br />7. Proof that the Property is not delinquent in Property Taxes <br />Sources and Uses <br />Please use the Sources and Uses Excel Spreadsheet and include as an attachment. This shall include all <br />sources of financing for the project and how those funds will be used. The Applicant shall provide a <br />detailed listing of each. <br />Housing Assistance Policy Final Draft — Affordable (01/03/2014) <br />13 <br />Applicant <br />Point <br />Allocation <br />City Point <br />Allocation <br />Total Points Accumulated <br />Housin • Assistance Polic - Afforda <br />Use of energy efficient windows /doors= 2 points <br />Other energy efficient new technology as approved by the City= 2 <br />points <br />Total Points <br />FINANCIAL REQUIREMENTS /INFORMATION <br />Financial award is based on availability of funds. Maximum funding is set at $8,000 per unit or not <br />greater than 15% of entire project cost. Owner equity must be greater than 10 %. <br />Eligible Uses of Funding <br />Eligible uses of funding include; site acquisition, land improvements, building construction, and payment <br />of development fees <br />Required Information <br />1. Sources and Uses Statement (below) <br />2. Financial Scoring Scorecard (below) <br />3. Organizational Financial Statements (2 years of P &L and Balance Sheet) <br />4. Personal Financial Statements of Stakeholders and Tax Returns (2 years) <br />5. Project Pro forma /Projections (2 year projections) <br />6. Letter(s) of Commitment from other Funding Sources (terms, conditions) <br />7. Proof that the Property is not delinquent in Property Taxes <br />Sources and Uses <br />Please use the Sources and Uses Excel Spreadsheet and include as an attachment. This shall include all <br />sources of financing for the project and how those funds will be used. The Applicant shall provide a <br />detailed listing of each. <br />Housing Assistance Policy Final Draft — Affordable (01/03/2014) <br />13 <br />