CASE STUDY - National American Indian Housing Council

11 week Apply for Bond Ratings • This is necessary for investors’purposes12 week Appraising of Homes to beConstructedAppraised by qualified appraiser based onplans and specifications13 week Environmental Compliance Archaeological PreservationEnvironmental AssessmentsLand Preservation14 week Tribal Council/TDHEApprovalsAny documents that require approval fromtribe and HUD15 week Firm Commitment from HUD Letter of commitment from HUD16 week Final Draft of Bond Documents Bond offering statement17 week Documents Made Available toInvestors18 week Price Bonds Performed by bond company19 week Complete Documents20 week Close Bonds21 week Close and Record Section 184Loans22 week Receive HUD Endorsement Final guarantee of 184 loanPROJECT TEAMThe planning took nine months and was managed by a project team. The keyplayers on that team were as follows:Project Team MemberTribeWhite Mountain Apache TribeTDHEVictor Velasquez, ExecutiveDirectorMariddie Craig, ChairpersonAndrew Kinney, Jr., Board MemberLegalOffices of John W. WeidermanConsultantA.J. Consultant ServicesAneva YazzieServicerResponsibilities• Commitment to proceed with program and bonds• Approved the bond issue• Issuer of bonds• Property owner• Sole borrower/mortgagor• Developer• Program administrator• Counsel to the TDHE• Co-coordination on project• Drafted documents• Management consultant• Co-coordinator on project• Developed IHP• Pre-Occupancy consultant• Recorded leases/titles• Consultation on offering documents• Servicer for individual loans16