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

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

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Section II: Moderate Rehabilitation Projects1. Whether the property and proposed transaction appear eligible;2. Whether the applicant or owner entity has acceptable experience to proceed;3. The timing of application and award; and4. Whether a typical reservation of credits is sufficient to address the expected need ofthe first or only phase of the subject project.If the applicant has been unsuccessful at securing such a letter from its state or local taxcredit issuing agency, the application must include evidence that the applicant diligentlyattempted to secure such a letter, as well as a self-scored LIHTC application under theQualified Allocation Plan (QAP) in place at the time of application that demonstrates that theproject would have been eligible and competitive for credits in the most recent round.For all forms of tax credit, including 9%, 4%, or Historic, because HUD only has limitedauthority to make commitments for conversion of assistance under <strong>RAD</strong>, HUD will onlymake initial awards, known as a Commitment to enter into a Housing Assistance Paymentcontract, or CHAP, for the number of units that can be awarded tax credits in a single QAPcycle. CHAP awards for multi-phase developments that rely on multiple LIHTC awards willonly cover the first phase. HUD will consider future phase development if HUD hasauthority to convert additional units.2.2.9 Submission of ApplicationsAll required materials (including attachments) must be submitted electronically. In addition tosubmitting the <strong>RAD</strong> application as an Excel file, the attachments must be included as PDF files.No paper or fax submissions are permitted. Applications must be sent to<strong>RAD</strong>applicationsMR@hud.gov.There is no fee associated with the submission of an application or the withdrawal of anapplication or award. Additionally, there is no cap on the number of project applications that anowner may submit or resubmit.Only applications that have met all applicable submission requirements will be considered.Rejected applicants will be notified and the owner may choose to re-submit. If resubmitted, theapplication will be considered according to the date of the resubmission.HUD reserves the right to close or reopen the application process at any time if it determines thatsufficient applications have been received to utilize the allowable units.<strong>PIH</strong>-<strong>2012</strong>-<strong>32</strong> (HA) Rental Assistance Demonstration – Final Implementation 97

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