RAD PIH Notice 2012-32 (.pdf, 1 MB) - National Low Income ...

More documents

Recommendations

Info

Attachment 1A – Conversion Documentation and Guidelinessufficient to maintain a minimum balance at the end of each year during that 20-year period that is at least 5 percent of the total, aggregate projected capital needsfor that period.J. Market Study. If a market study has been required by any financing source, the PHA mustinclude a copy of that market study, including a summary of any identified competivenessissues and how they are addressed in the rehabilitation scope.K. Rehabilitation/Construction Management. The PHA must provide a discussion on howrehabilitation or construction will be managed, including:1. How construction funds will be controlled, including identification of any escrow agentas applicable, and any provisions for investing the funds,2. The fees that will be paid for administration of the rehabilitation or construction,3. The procurement (bid) process, including anticipated timing,4. The inspection and draw processes,5. Whether there will be a general contractor,6. Whether work will begin within 30 days after closing; if not, explain why, and7. A reasonable schedule for completion of rehabilitation or construction, from the date ofclosing the conversion and any financing.PIH-2012-32 (HA) Rental Assistance Demonstration – Final Implementation 70
Attachment 1A – Conversion Documentation and Guidelines1A.2 Contents of the RAD Conversion Commitment (RCC)The RCC letter will include key conditions of the conversion, including but not limited to:A. The Effective Date of the HAP. HUD will execute the HAP pre closing and deliver it to theclosing escrow agent, but the HAP will not be effective until the closing date.B. Level of Rehab-Construction / Contingency / Rehab Management. Rehabilitation orconstruction amount (including contingency) and requirements for establishment andadministration of the rehabilitation or construction funds.If FHA financing under Section 221(d) of the National Housing Act is used,rehabilitation will be funded by draws during construction rather than through an escrow.Escrow will be managed by the lender (if applicable), with inspection and drawrequirements that are commercially available and reasonable.If there is no lender or investor, and rehabilitation or construction funds are provided bythe PHA or other sources, rehabilitation or construction will be managed by the PHA.C. Rehabilitation/Construction Timeline. A timeline for completion of all rehabilitation ornew construction items acceptable to HUD, from the date of closing the conversion and anyfinancing, depending on the scope of rehabilitation funded.D. Regulation of Uses of Funds.The required rehabilitation or construction must be funded and administered in acommercially standard and reasonable manner.E. Key Aspects of the Planned Conversion Transaction. To include key business terms of allloans, equity contributions and grants, pro forma stabilized cash flow, pro forma sources anduses, transaction costs, and disposition of existing loans and equity investments as applicable.F. Special Conditions. Transaction-specific conditions such as environmental remediation, orkey requirements regarding funding sources other than a new first mortgage loan.G. Replacement Reserves. The RCC will specify the annual funding for replacement reserves.H. Requirements for Management of Rehabilitation or Construction. The followingrequirements will be applicable for the management of initial repairs identified in theapproved Financing Plan:Any temporary relocation of families that is necessitated by any rehabilitation to theproject may be subject to the Uniform Relocation Assistance and Real PropertyAcquisition Policies Act of 1970 (URA) and its implementing regulations (49 CFR Part24).PIH-2012-32 (HA) Rental Assistance Demonstration – Final Implementation 71
Page 4 and 5:
Program InstructionsPIH-2012-32 (HA
Page 11:
DefinitionsOwnership or Control. Ap
Page 14 and 15:
Section I: Public Housing ProjectsS
Page 16 and 17:
Section I: Public Housing ProjectsB
Page 19: Section I: Public Housing ProjectsW
Page 23 and 24: Section I: Public Housing Projects1
Page 25: Section I: Public Housing ProjectsU
Page 28 and 29: Section I: Public Housing ProjectsF
Page 30 and 31: Section I: Public Housing Projectsa
Page 33: Section I: Public Housing ProjectsO
Page 36 and 37: Section I: Public Housing Projectsw
Page 38 and 39: Section I: Public Housing Projectst
Page 40 and 41: Section I: Public Housing Projectsl
Page 42 and 43: Section I: Public Housing Projectsa
Page 46 and 47: Section I: Public Housing ProjectsG
Page 52 and 53: Section I: Public Housing Projectsf
Page 54 and 55: Section I: Public Housing ProjectsA
Page 56 and 57: Section I: Public Housing Projects2
Page 60: Section I: Public Housing Projectsb
Page 63 and 64: Section I: Public Housing ProjectsR
Page 65 and 66: Attachment 1A - Conversion Document
Page 67 and 68: Attachment 1A - Conversion Document
Page 69: Attachment 1A - Conversion Document
Page 73 and 74: Attachment 1B - Resident Provisions
Page 79 and 80: Attachment 1C - Calculation of HAP
Page 81 and 82: Attachment 1C - Calculation of HAP
Page 83 and 84: Section II: Moderate Rehabilitation
Page 117 and 118: Attachment 2A - Sample Notification
Page 119 and 120: Section III: Rent Supplement and Re
Page 121 and 122:
Section III: Rent Supplement and Re
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Attachment 3A - Sample Notification
Page 145 and 146:
Appendix I - 24 CFR Part 880 Regula
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
Appendix III- PBRA Site and Neighbo
show all

RAD PIH Notice 2012-32 (.pdf, 1 MB) - National Low Income ...

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?