13
Readiness & Common Mistakes 1

Readiness & Common Mistakes 1. Re-cap on Readiness Criteria 11 Points awarded under rating factor 3k (202) and 3j (811) give competitive advantage to

Embed Size (px)

Citation preview

Page 1: Readiness & Common Mistakes 1. Re-cap on Readiness Criteria 11 Points awarded under rating factor 3k (202) and 3j (811) give competitive advantage to

Readiness &

Common Mistakes

Readiness &

Common Mistakes

1

Page 2: Readiness & Common Mistakes 1. Re-cap on Readiness Criteria 11 Points awarded under rating factor 3k (202) and 3j (811) give competitive advantage to

Re-cap on Readiness CriteriaRe-cap on Readiness Criteria

• 11 Points awarded under rating factor 3k (202) and 3j (811) give competitive advantage to projects that are ready to start construction in a timely manner upon receipt of a fund reservation.

• Tasks to complete before application submission:

Secure discretionary approvals leading up to a building permit if required

Prepare schematic design

Prepare a budget of sources and uses Confirm that utilities are available to the site Consider timeliness of environmental mitigation if

required

• 11 Points awarded under rating factor 3k (202) and 3j (811) give competitive advantage to projects that are ready to start construction in a timely manner upon receipt of a fund reservation.

• Tasks to complete before application submission:

Secure discretionary approvals leading up to a building permit if required

Prepare schematic design

Prepare a budget of sources and uses Confirm that utilities are available to the site Consider timeliness of environmental mitigation if

required

2

Page 3: Readiness & Common Mistakes 1. Re-cap on Readiness Criteria 11 Points awarded under rating factor 3k (202) and 3j (811) give competitive advantage to

Common MistakesCommon Mistakes

• Failure to read the General Section and the Program NOFA THOROUGHLY.

• Failure to obtain a DUNS No. and register early.

• If HUD waiver given to submit paper application, submitting less than original plus four copies.

• Failure to read the General Section and the Program NOFA THOROUGHLY.

• Failure to obtain a DUNS No. and register early.

• If HUD waiver given to submit paper application, submitting less than original plus four copies.

3

Page 4: Readiness & Common Mistakes 1. Re-cap on Readiness Criteria 11 Points awarded under rating factor 3k (202) and 3j (811) give competitive advantage to

Common MistakesCommon Mistakes

• Submitting an application when you do not have the appropriate IRS tax exemption because the IRS is still processing your request.

• Submitting an application when you have no organizational experience with elderly/disabled.

• Submitting an application when you do not have the appropriate IRS tax exemption because the IRS is still processing your request.

• Submitting an application when you have no organizational experience with elderly/disabled.

4

Page 5: Readiness & Common Mistakes 1. Re-cap on Readiness Criteria 11 Points awarded under rating factor 3k (202) and 3j (811) give competitive advantage to

Common MistakesCommon Mistakes

• Failure to submit the electronic application in accordance with the requirements detailed in the General Section.

• Failure to submit all of the required exhibits or all the pages of an exhibit.

• Failure to submit the electronic application in accordance with the requirements detailed in the General Section.

• Failure to submit all of the required exhibits or all the pages of an exhibit.

5

Page 6: Readiness & Common Mistakes 1. Re-cap on Readiness Criteria 11 Points awarded under rating factor 3k (202) and 3j (811) give competitive advantage to

Common MistakesCommon Mistakes

• Failure to properly label faxed and/or scanned exhibits

• Not using the compatible version of Adobe Reader

• Not allowing for sufficient time to electronically submit your application

• Failure to properly label faxed and/or scanned exhibits

• Not using the compatible version of Adobe Reader

• Not allowing for sufficient time to electronically submit your application

6

Page 7: Readiness & Common Mistakes 1. Re-cap on Readiness Criteria 11 Points awarded under rating factor 3k (202) and 3j (811) give competitive advantage to

Common MistakesCommon Mistakes

You have outstanding delinquent Federal debt with no approved workout plan for repayment prior to deadline.

You have outstanding delinquent Federal debt with no approved workout plan for repayment prior to deadline.

7

Page 8: Readiness & Common Mistakes 1. Re-cap on Readiness Criteria 11 Points awarded under rating factor 3k (202) and 3j (811) give competitive advantage to

Common MistakesCommon Mistakes

• Failure to meet application deadline.

• Failure to submit a Phase I (no substitutions) completed within last 6 months for 202s and 811s with site control. (Your appl. will be rejected if a 202 or

downgraded to site identified if an 811.)

• Failure to meet application deadline.

• Failure to submit a Phase I (no substitutions) completed within last 6 months for 202s and 811s with site control. (Your appl. will be rejected if a 202 or

downgraded to site identified if an 811.)

8

Page 9: Readiness & Common Mistakes 1. Re-cap on Readiness Criteria 11 Points awarded under rating factor 3k (202) and 3j (811) give competitive advantage to

Common MistakesCommon Mistakes

• For previous fund reservations that went to initial closing after 24, 36 or 48 months:

– Reasons were not provided for delay

– No indication as to why amendment funds were needed

• For previous fund reservations that went to initial closing after 24, 36 or 48 months:

– Reasons were not provided for delay

– No indication as to why amendment funds were needed

9

Page 10: Readiness & Common Mistakes 1. Re-cap on Readiness Criteria 11 Points awarded under rating factor 3k (202) and 3j (811) give competitive advantage to

Common MistakesCommon Mistakes

• For 202, failure to have site control or site does not meet HUD site and neighborhood standards. (24 CFR 891.125)

• For 202s and 811s with site control, the site control failed to meet minimum requirements (e.g., no reverters, etc., option must extend beyond six months from application deadline and be renewable)

• For 202, failure to have site control or site does not meet HUD site and neighborhood standards. (24 CFR 891.125)

• For 202s and 811s with site control, the site control failed to meet minimum requirements (e.g., no reverters, etc., option must extend beyond six months from application deadline and be renewable)

10

Page 11: Readiness & Common Mistakes 1. Re-cap on Readiness Criteria 11 Points awarded under rating factor 3k (202) and 3j (811) give competitive advantage to

Common MistakesCommon Mistakes

• Proposing a 202 scattered site project with less than 5 units per site.

• Site not properly zoned and no indication of likelihood that zoning will be changed

• Proposing a 202 scattered site project with less than 5 units per site.

• Site not properly zoned and no indication of likelihood that zoning will be changed

11

Page 12: Readiness & Common Mistakes 1. Re-cap on Readiness Criteria 11 Points awarded under rating factor 3k (202) and 3j (811) give competitive advantage to

Common MistakesCommon Mistakes

• For an 811, proposing a group home exceeding 6 residents

• Requesting more units than allocated to the applicable HUD Office.

- For 202, this applies to metro and non-metro categories separately

• For an 811, proposing a group home exceeding 6 residents

• Requesting more units than allocated to the applicable HUD Office.

- For 202, this applies to metro and non-metro categories separately

12

Page 13: Readiness & Common Mistakes 1. Re-cap on Readiness Criteria 11 Points awarded under rating factor 3k (202) and 3j (811) give competitive advantage to

13

QuestionsQuestions