Development Proposal Calculator | U.S. Department of Housing and Urban Development |
OMB Approval No 2577-0275 exp XXXX. | ||||||||||||
Office of Public and Indian Housing | ||||||||||||||
Public reporting burden for this collection of information is estimated to average 2 hours per response, including the time for reviewing instructions, searching existing data sources , gathering and maintaining the data needed, and completing and reviewing the collection of information. This agency may not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number. This collection of information is required for developing a Mixed-Finance rental project pursuant to HUD regulations 24 CFR 905. The information will be used to provide HUD with sufficient information to enable a determination that the proposed housing project is demographically and financially feasible and that HUD statutory and regulatory requirements have been met. |
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FOR THOSE FAMILIAR WITH THE INSTRUCTIONS: START ON THE NEXT TAB AND CONTINUE TO MOVE RIGHT THROUGH THE TABS |
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Instructions: TDC & HCC Limit Calculation Worksheets | ||||||||||||||
Tips: | Enter information in cells with blue borders, text or numbers on screen. | |||||||||||||
All other cells are locked, and all calculations are automated. | ||||||||||||||
Print these Instructions for easy reference, then begin at Step 1. | ||||||||||||||
Step 1. Select City and State | Note: To navigate among the worksheets, click the individual worksheet tabs at the bottom of this window. If no worksheet tabs are visible, select "Options..." from the "Tools" menu. In the dialogue box, select the "View" tab. Under "Window options" put a check mark in the "Sheet tabs" box. | |||||||||||||
> Navigate to the worksheet titled "Select City & State". | ||||||||||||||
> Make the appropriate selections from the menu lists provided there. | ||||||||||||||
> Navigate to the worksheet titled "Unit Mix". | ||||||||||||||
> Continue at Step 2. | ||||||||||||||
Step 2. Enter the PHA Name, Development Name, and Phase Number or Description (on the "Unit Mix" worksheet) | ||||||||||||||
Step 3. Enter the Number of Units of Each Type and Size (on the "Unit Mix" worksheet) | ||||||||||||||
> Select the appropriate column(s) for the proposed units based on tenure type (Rental or Homeownership, PH or Non-PH), and the development method. | ||||||||||||||
• Rent-to-Own units are to be counted initially as Rental Units. | ||||||||||||||
• Possible development methods are Rehabilitation (of existing public housing only), New Construction, or Acquisition (with or without rehab). | ||||||||||||||
> Enter the number of units proposed, by Structure Type, in the appropriate row based on the Number of Bedrooms. | ||||||||||||||
• TDC limit applies to all units on the Annual Contributions Contract (ACC) with HUD, or developed with Public Housing Capital Assistance (PHCA). | ||||||||||||||
• Public Housing Capital Assistance (PHCA) includes the following development sources (and borrowed funds to be repaid from these sources): | ||||||||||||||
- HOPE VI grant funds; | ||||||||||||||
- Public housing Capital Fund and Public Housing Development assistance provided under sections 9 and 5 of the 1937 Housing Act; and | ||||||||||||||
- Public Housing Operating Fund assistance provided under section 9 of the 1937 Housing Act that is used for development. | ||||||||||||||
• The TDC limit for Modernization of existing public housing is 90% of the published TDC limit for a given structure and unit type. | ||||||||||||||
• The HCC limit is applicable only to New Construction units (not applicable to Rehabilitation of existing public housing, or to Acquisition units). | ||||||||||||||
- The "TDC & HCC Limit calculations" worksheet reflects all such applicability as described above. | ||||||||||||||
• Definitions of Structure Types specified on the Unit Mix worksheet: | ||||||||||||||
- Detached: A structure that consists of a single living unit surrounded by permanent open space on all sides. | ||||||||||||||
- Semi-detached: A structure containing two living units separated by a common vertical wall. | ||||||||||||||
- Elevator: Any structure of four or more stories above ground in which an elevator is provided. | ||||||||||||||
- Row House: A structure containing three or more living units separated only by vertical walls. | ||||||||||||||
- Walk-up: A multi-level low-rise structure containing two or more living units, in which any units are separated by any common ceiling/floor. | ||||||||||||||
Step 4. Enter Number of Tax Credit, Market-Rate Rental, and Market-Rate For-Sale Units (for reference only; not used in TDC calculation) | ||||||||||||||
Step 5. Enter Number of Special-Needs Units, and Describe Accessibility Design Features (for reference only; not used in TDC calculation) | ||||||||||||||
Step 6. Enter Demolition & Replacement Units (total, all project phases) (on "TDC & HCC Limit calculations" worksheet) | ||||||||||||||
> Enter the number of public housing units to be demolished (or eliminated by conversion) for all phases of the project. | ||||||||||||||
> Enter the total number of replacement units to be built back on the original public housing site(s) in all phases of the project. | ||||||||||||||
• Include only on-site, new-construction replacement rental public housing units and, and ownership units developed with | ||||||||||||||
Public Housing Capital Assistance (see Step 3, above for a definition of Public Housing Capital Assistance). | ||||||||||||||
Step 7. Enter All Sources of Public Housing Capital Assistance | ||||||||||||||
> Include: Public Housing Capital Assistance used for development, and borrowed funds secured by repayment with Public Housing Capital Assistance. |
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> Do not include: sources other than Public Housing Capital Assistance (e.g., HOME and CDBG), or any non-HUD funding sources. | ||||||||||||||
Step 8. Enter All Uses of Public Housing Capital Assistance | ||||||||||||||
• Use the budget line items provided. These track HUD Notice PIH 2003-8 and regulations at 24 CFR 941. For example: | ||||||||||||||
- BLI 1440: Site Acquisition costs are all expenses of acquiring sites (only sites that do not include structures to be retained for housing). | ||||||||||||||
- BLI 1450: Site Improvement includes streets and public improvements, and site improvements other than on-site utilities & finish landscaping. | ||||||||||||||
• Dwelling Structure costs must be categorized as Rehabilitation, New Construction, or Acquisition: | ||||||||||||||
- BLI 1460: "Dwelling Structures, Rehabilitation" includes only those "hard" (construction) costs of rehabilitating existing public housing units. | ||||||||||||||
- BLI 1460: "Dwelling Structures, New Construction" includes only hard costs for the building, utilities from the street and finish landscaping. | ||||||||||||||
- BLI 1460: "Dwelling Structures, Acquisition" includes all acquisition costs for existing housing units, including the site and associated rehab. | ||||||||||||||
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> Confirm that all Public Housing Capital Assistance sources are included. | ||||||||||||||
> For multi-phase projects, a TDC limit analysis must be conducted for the entire project in conjunction with the TDC limit analysis for each phase. | ||||||||||||||
> Confirm that sources of PHCA are equal to uses of PHCA. | ||||||||||||||
Step 10. Enter any Extraordinary Site Cost (a component of Additional Project Costs -- not subject to TDC limit) | ||||||||||||||
> Enter any Extraordinary Site Cost in the cell provided. This may be some or all of the funds entered in BLI 1450 (Step 8). | ||||||||||||||
• Extraordinary Site Costs must be verified by an independent registered engineer, and must be approved by HUD in accordance with 24 CFR 941.103. | ||||||||||||||
Step 11. Review TDC and HCC Limit Calculation Results | ||||||||||||||
> Review the results of the TDC and HCC limit calculations, and print the worksheet. | ||||||||||||||
• The TDC and HCC limit analysis results are shown on the lower right of the "TDC & HCC Limit calculations" worksheet. | ||||||||||||||
• All worksheets are pre-formatted for printing. To print the current worksheet or all worksheets, select "Print…" from the "File" menu. | ||||||||||||||
• Direct project questions to the Project Manager or Team Leader in the HUD Office of Public Housing Investments, (202) 401-8812 (not toll-free). | ||||||||||||||
• Direct questions or comments on this Excel workbook to Brodie Hefner (212) 542-7624 (not a toll-free call). | ||||||||||||||
Disclaimer: This workbook does not replace applicable statutes, regulations, notices or other HUD guidance. Use of this form is not required by HUD. |
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Page 1 of 12 | form HUD-50156 (7/2015) |
Unit Mix and Accessibility Summary, Post-Revitalization | |||||||||||||||
Step 2: Enter the PHA Name, the Development Name, and Phase Number or Description | |||||||||||||||
Applicant PHA/Grantee: | [Enter the PHA/Grantee name] | ||||||||||||||
Grant Name, if applicable: | [enter the HOPE VI or Choice Neighborhoods grant name] | ||||||||||||||
Phase/Project Name: | [Enter the name of the phase/project] | ||||||||||||||
PIC Development Number: | [enter the new AMP-format development number] | ||||||||||||||
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Step 3: Enter the Number of Units (by Structure Type and Unit Size, according to Unit Category and Development Method) | ||||||||||||||
Rental Unit Categories | Homeownership Unit Categories | ||||||||||||||
Public Housing (ACC, w/PHCA or Op-sub-only) |
Non-Public Housing (not on ACC, no PHCA used) |
Developed with Pub. Housing Capital Assistance |
Developed without Pub. Housing Capital Assistance |
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Rehab of Existing Public Housing |
New Construction |
Acquisition with or without Rehabilitation |
Rehab of Existing Public Housing |
New Construction |
Acquisition with or without Rehabilitation |
Rehab of Existing Public Housing |
New Construction |
Acquisition with or without Rehabilitation |
Rehab of Existing Public Housing |
New Construction |
Acquisition with or without Rehabilitation |
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Detached | 0 | - | - | - | - | - | - | - | - | - | - | - | - | ||
1 | - | - | - | - | - | - | - | - | - | - | - | - | |||
2 | - | - | - | - | - | - | - | - | - | - | - | - | |||
3 | - | - | - | - | - | - | - | - | - | - | - | - | |||
4 | - | - | - | - | - | - | - | - | - | - | - | - | |||
5 | - | - | - | - | - | - | - | - | - | - | - | - | |||
6 | - | - | - | - | - | - | - | - | - | - | - | - | |||
Semi- Detached |
0 | - | - | - | - | - | - | - | - | - | - | - | - | ||
1 | - | - | - | - | - | - | - | - | - | - | - | - | |||
2 | - | - | - | - | - | - | - | - | - | - | - | - | |||
3 | - | - | - | - | - | - | - | - | - | - | - | - | |||
4 | - | - | - | - | - | - | - | - | - | - | - | - | |||
5 | - | - | - | - | - | - | - | - | - | - | - | - | |||
6 | - | - | - | - | - | - | - | - | - | - | - | - | |||
Row House |
0 | - | - | - | - | - | - | - | - | - | - | - | - | ||
1 | - | - | - | - | - | - | - | - | - | - | - | ||||
2 | - | - | - | - | - | - | - | - | - | - | - | - | |||
3 | - | - | - | - | - | - | - | - | - | - | - | - | |||
4 | - | - | - | - | - | - | - | - | - | - | - | - | |||
5 | - | - | - | - | - | - | - | - | - | - | - | - | |||
6 | - | - | - | - | - | - | - | - | - | - | - | - | |||
Walk-Up | 0 | - | - | - | - | - | - | - | - | - | - | - | - | ||
1 | - | - | - | - | - | - | - | - | - | - | - | - | |||
2 | - | - | - | - | - | - | - | - | - | - | - | - | |||
3 | - | - | - | - | - | - | - | - | - | - | - | - | |||
4 | - | - | - | - | - | - | - | - | - | - | - | - | |||
5 | - | - | - | - | - | - | - | - | - | - | - | - | |||
6 | - | - | - | - | - | - | - | - | - | - | - | - | |||
Elevator | 0 | - | - | - | - | - | - | - | - | - | - | - | - | ||
1 | - | - | - | - | - | - | - | - | - | - | - | - | |||
2 | - | - | - | - | - | - | - | - | - | - | - | - | |||
3 | - | - | - | - | - | - | - | - | - | - | - | - | |||
4 | - | - | - | - | - | - | - | - | - | - | - | - | |||
5 | - | - | - | - | - | - | - | - | - | - | - | - | |||
6 | - | - | - | - | - | - | - | - | - | - | - | - | |||
Totals: | - | - | - | - | - | - | - | - | - | - | - | - | |||
Step 4: Enter Number of Tax Credit, Market-Rate Rental, and Market-Rate For-Sale Units | |||||||||||||||
Unit Summary | |||||||||||||||
Total Tax Credit Units: | - | Market (unrestricted) Rental: | - | Market (unrestricted) HO: | - | ||||||||||
Rehab (of existing PH) Units: | - | ||||||||||||||
New Construction Units: | - | Rental: | - | PH Rental, + HO w/PHCA (subject to TDC limit): | - | ||||||||||
Acquisition Units: | - | Homeownership: | - | Non-PH Rental, + HO w/o PHCA (no TDC limit): | - | ||||||||||
Total Units: | - | Total Units: | - | Total Units: | - | ||||||||||
Step 5: Enter number of Special-Needs Units and describe Accessibility Design Features | |||||||||||||||
Planned Accessibility: Units for Mobility-Impaired and Hearing/Sight-Impaired | |||||||||||||||
Rental Unit Categories | Homeownership Unit Categories | ||||||||||||||
Minimum Required units project-wide | Public Housing (on ACC, including Op-sub-only) |
Non-Public Housing (not on ACC, no PHCA) |
Developed with Pub. Housing Capital Assistance | Developed without Pub. Housing Capital Assistance | |||||||||||
Rehab of Existing Pub Hsg |
New Const |
Acq with or w/o Rehab |
Rehab of Existing Pub Hsg |
New Const |
Acq with or w/o Rehab |
Rehab of Existing Pub Hsg |
New Const |
Acq with or w/o Rehab |
Rehab of Existing Pub Hsg |
New Const |
Acq with or w/o Rehab |
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Units for Mobility-Impaired | 0 | ||||||||||||||
Units, Hearing-or Sight-Impaired | 0 | ||||||||||||||
Visitability Features: | |||||||||||||||
Note: Minimum required units are estimates. Consult with HUD and applicable program regulations for actual requirements regarding accessible units. | |||||||||||||||
Page 2 of 12 | form HUD-50156 (7/2015) |
Step 1. Using the Drop-down Lists Provided, Select the City (or Region) and State | |||||||||||
in which the Project is Located | |||||||||||
> After selecting City and State, navigate to the "Unit Mix" worksheet by selecting its tab at the bottom of this window and continue at Step 2. | This workbook uses the TDC and HCC | ||||||||||
limits published in HUD Notice: | PIH 2011- 38(HA) | ||||||||||
with current amounts as published by HUD | |||||||||||
City | - all - | The Notice was published on: | 7/20/2011 | ||||||||
StateName | - all - | This workbook has been updated to include 2015 TDC and HCC limits | |||||||||
Type | Data | Note 2: When you select a valid City/State combination, this table will show the TDC and HCC limits from the above-referenced HUD Notice. Use the TDC and HCC limits in effect at the time of project closing. | |||||||||
Detached/Semi-Detached | Sum of 0 Bedrooms, TDC | 58,960,455.00 | |||||||||
Sum of 1 Bedrooms, TDC | 77,693,491.00 | ||||||||||
Sum of 2 Bedrooms, TDC | 93,108,974.00 | ||||||||||
Sum of 3 Bedrooms, TDC | 112,145,903.00 | ||||||||||
Sum of 4 Bedrooms, TDC | 132,242,388.00 | ||||||||||
Sum of 5 Bedrooms, TDC | 144,570,915.00 | Note 3: If the desired City/State combination is not included in the list here, contact the local HUD Field Office. They will assist in determining the most appropriate City/State combination. | |||||||||
Sum of 6 Bedrooms, TDC | 155,579,191.00 | ||||||||||
Sum of 0 Bedrooms, HCC | 33,691,680.00 | ||||||||||
Sum of 1 Bedrooms, HCC | 44,396,280.00 | ||||||||||
Sum of 2 Bedrooms, HCC | 53,205,134.00 | ||||||||||
Sum of 3 Bedrooms, HCC | 64,083,371.00 | ||||||||||
Sum of 4 Bedrooms, HCC | 75,567,080.00 | Note 4: Total Development Cost limits and Housing Construction Cost limits from this table will be transferred automatically to the "TDC & HCC Limit calculations" worksheet. | |||||||||
Sum of 5 Bedrooms, HCC | 82,611,946.00 | ||||||||||
Sum of 6 Bedrooms, HCC | 88,902,396.00 | ||||||||||
Elevator | Sum of 0 Bedrooms, TDC | 48,463,398.00 | |||||||||
Sum of 1 Bedrooms, TDC | 67,848,774.00 | ||||||||||
Sum of 2 Bedrooms, TDC | 87,234,125.00 | ||||||||||
Sum of 3 Bedrooms, TDC | 116,312,160.00 | (There is no need to print this worksheet) | |||||||||
Sum of 4 Bedrooms, TDC | 145,390,202.00 | ||||||||||
Sum of 5 Bedrooms, TDC | 164,775,583.00 | ||||||||||
Sum of 6 Bedrooms, TDC | 184,160,931.00 | ||||||||||
Sum of 0 Bedrooms, HCC | 30,289,624.00 | ||||||||||
Sum of 1 Bedrooms, HCC | 42,405,468.00 | ||||||||||
Sum of 2 Bedrooms, HCC | 54,521,313.00 | ||||||||||
Sum of 3 Bedrooms, HCC | 72,695,093.00 | ||||||||||
Sum of 4 Bedrooms, HCC | 90,868,872.00 | ||||||||||
Sum of 5 Bedrooms, HCC | 102,984,726.00 | ||||||||||
Sum of 6 Bedrooms, HCC | 115,100,573.00 | ||||||||||
Row House | Sum of 0 Bedrooms, TDC | 56,002,584.00 | |||||||||
Sum of 1 Bedrooms, TDC | 73,991,335.00 | ||||||||||
Sum of 2 Bedrooms, TDC | 88,916,468.00 | ||||||||||
Sum of 3 Bedrooms, TDC | 107,688,100.00 | ||||||||||
Sum of 4 Bedrooms, TDC | 128,193,772.00 | ||||||||||
Sum of 5 Bedrooms, TDC | 141,394,971.00 | ||||||||||
Sum of 6 Bedrooms, TDC | 153,791,254.00 | ||||||||||
Sum of 0 Bedrooms, HCC | 32,001,479.00 | ||||||||||
Sum of 1 Bedrooms, HCC | 42,280,771.00 | ||||||||||
Sum of 2 Bedrooms, HCC | 50,809,405.00 | ||||||||||
Sum of 3 Bedrooms, HCC | 61,536,059.00 | ||||||||||
Sum of 4 Bedrooms, HCC | 73,253,603.00 | ||||||||||
Sum of 5 Bedrooms, HCC | 80,797,116.00 | ||||||||||
Sum of 6 Bedrooms, HCC | 87,880,719.00 | ||||||||||
Walkup | Sum of 0 Bedrooms, TDC | 45,709,717.00 | |||||||||
Sum of 1 Bedrooms, TDC | 63,113,417.00 | ||||||||||
Sum of 2 Bedrooms, TDC | 80,011,016.00 | ||||||||||
Sum of 3 Bedrooms, TDC | 104,415,930.00 | ||||||||||
Sum of 4 Bedrooms, TDC | 130,149,176.00 | ||||||||||
Sum of 5 Bedrooms, TDC | 146,475,689.00 | ||||||||||
Sum of 6 Bedrooms, TDC | 162,563,514.00 | ||||||||||
Sum of 0 Bedrooms, HCC | 26,119,834.00 | ||||||||||
Sum of 1 Bedrooms, HCC | 36,064,815.00 | ||||||||||
Sum of 2 Bedrooms, HCC | 45,720,581.00 | ||||||||||
Sum of 3 Bedrooms, HCC | 59,666,256.00 | ||||||||||
Sum of 4 Bedrooms, HCC | 74,370,948.00 | ||||||||||
Sum of 5 Bedrooms, HCC | 83,700,375.00 | ||||||||||
Sum of 6 Bedrooms, HCC | 92,893,436.00 | ||||||||||
Page 3 of 12 | form HUD-50156 (7/2015) |
CONSTRUCTION PERIOD SOURCES AND USES | |||||||
EXHIBIT F TO THE MIXED-FINANCE ACC AMENDMENT | |||||||
SUMMARY BUDGET -- CURRENT PHASE ONLY (CONSTRUCTION PERIOD) | |||||||
Applicant PHA/Grantee: | [Enter the PHA/Grantee name] | ||||||
Grant Name, if applicable: | [enter the HOPE VI or Choice Neighborhoods grant name] | ||||||
Phase/Project Name: | [Enter the name of the phase/project] | ||||||
PIC Development Number: | [enter the new AMP-format development number] | ||||||
Unit Type: | Rental Public Housing | Rental non-PH | HO w/PH Assistance | HO w/o PH Assistance | Total Units this Phase | ||
Number of Units (entered on Unit Mix worksheet): | - | - | - | - | - | ||
Part A: Development Sources | Loan/Grant/Equity | PH Capital Assist. | Private Funds | Other Public Funds | Total | ||
Public Housing Capital Assistance: Loan | $- | $- | $- | $- | |||
Public Housing Capital Assistance: Grant | $- | $- | $- | $- | |||
Low Income Housing Tax Credit Equity | $- | $- | $- | $- | |||
Other: Insert Label | $- | $- | $- | $- | |||
Construction Loan | $- | $- | $- | $- | |||
Other: General Partner Capital | $- | $- | $- | $- | |||
Other: Insert Label | $- | $- | $- | $- | |||
Other: Insert Label | $- | $- | $- | $- | |||
Other: Insert Label | $- | $- | $- | $- | |||
Other: Insert Label | $- | $- | $- | $- | |||
Other: Insert Label | $- | $- | $- | $- | |||
Total Development Sources (Part A) | $- | $- | $- | $- | |||
Part B: Additional Sources | PH Capital Assist. | Private Funds | Other Public Funds | Total | |||
Public Housing Capital Assistance: | $- | $- | $- | $- | |||
Other: Insert Label | $- | $- | $- | $- | |||
Other: Insert Label | $- | $- | $- | $- | |||
Total Additional Sources (Part B) | $- | $- | $- | $- | |||
Total Sources this Phase (Parts A and B) | $- | $- | $- | $- | |||
Part A: Development Uses | |||||||
Development Construction Costs | HUD Bdgt Line Item | PH Capital Assist. | Private Funds | Other Public Funds | Total | ||
Residential Construction | 1460 | $- | $- | $- | $- | ||
Residential Rehabilitation | 1460 | $- | $- | $- | $- | ||
Other Residential Construction: Insert Label | 1460 | $- | $- | $- | $- | ||
Builder's General Requirements | 1460 | $- | $- | $- | $- | ||
Builder's Overhead] | 1460 | $- | $- | $- | $- | ||
Builder's Profit | 1460 | $- | $- | $- | $- | ||
Other BLI 1460: Insert Label | 1460 | $- | $- | $- | $- | ||
Other BLI 1460: Insert Label | 1460 | $- | $- | $- | $- | ||
Site Improvement | 1450 | $- | $- | $- | $- | ||
Extraordinary Site Costs | 1450 | $- | $- | $- | $- | ||
Other Site Improvement: Insert Label | 1450 | $- | $- | $- | $- | ||
Other Site Improvement: Insert Label | 1450 | $- | $- | $- | $- | ||
Non-Residential Construction: Community Ctr. | 1470 | $- | $- | $- | $- | ||
Other Non-Residential Const.: Insert Label: | 1470 | $- | $- | $- | $- | ||
Other Non-Residential Const.: Insert Label: | 1470 | $- | $- | $- | $- | ||
Subtotal: Development Construction Costs | $- | $- | $- | $- | |||
Development Soft Costs | HUD Bdgt Line Item | PH Capital Assist. | Private Funds | Other Public Funds | Total | ||
Acquisition of Site(s) | 1440 | $- | $- | $- | $- | ||
Other Acquisition Cost: Insert Label | 1440 | $- | $- | $- | $- | ||
Other Acquisition Cost: Insert Label | 1440 | $- | $- | $- | $- | ||
Accounting and Cost Certification | 1430 | $- | $- | $- | $- | ||
Appraisal Expense | 1430 | $- | $- | $- | $- | ||
Architect & Engineer Fees | 1430 | $- | $- | $- | $- | ||
Environmental Assessment, Testing & Cleanup | 1430 | $- | $- | $- | $- | ||
Financing & Application Expense, Lender | 1430 | $- | $- | $- | $- | ||
Financing & Application Expense, Tax Credit | 1430 | $- | $- | $- | $- | ||
Insurance, Construction Period | 1430 | $- | $- | $- | $- | ||
Interest, Construction & Bridge Loan(s) | 1430 | $- | $- | $- | $- | ||
Legal Expense, Developer & Lender(s) | 1430 | $- | $- | $- | $- | ||
Marketing & Lease-up Expense | 1430 | $- | $- | $- | $- | ||
Permits, Construction & Utility Hookup | 1430 | $- | $- | $- | $- | ||
PILOT & Taxes, Construction Period | 1430 | $- | $- | $- | $- | ||
Survey | 1430 | $- | $- | $- | $- | ||
Title & Recording Fees | 1430 | $- | $- | $- | $- | ||
Operating Deficit (Construction Period) | 1430 | $- | $- | $- | $- | ||
Program Manager | 1430 | $- | $- | $- | $- | ||
Other Fees & Costs: Furnishings and market study | 1430 | $- | $- | $- | $- | ||
Other Fees & Costs: Insert Label | 1430 | $- | $- | $- | $- | ||
Other Fees & Costs: Insert Label | 1430 | $- | $- | $- | $- | ||
Other Fees & Costs: Insert Label | 1430 | $- | $- | $- | $- | ||
Other Fees & Costs: Insert Label | 1430 | $- | $- | $- | $- | ||
Developer Fee | $- | $- | $- | $- | |||
Other Developer Fee:: Insert Label | $- | $- | $- | $- | |||
Other Developer Fee:: Insert Label | $- | $- | $- | $- | |||
Contingency | 1430 | $- | $- | $- | $- | ||
Reserve Deposit, Operating | $- | $- | $- | $- | |||
Operating subsidy reserve | $- | $- | $- | $- | |||
Lease-up Reserve | $- | $- | $- | $- | |||
Supportive service reserve | $- | $- | $- | $- | |||
Other Reserves: Oper, Debt & Tax reserves | $- | $- | $- | $- | |||
Other Reserves: ACC units reserve | $- | $- | $- | $- | |||
Subtotal: Development Soft Costs | $- | $- | $- | $- | |||
Total Uses for Development (Part A) | $- | $- | $- | $- | |||
Part B: Additional Uses | HUD Bdgt Line Item | PH Capital Assist. | Private Funds | Other Public Funds | Total | ||
Community & Supp. Services (HOPE VI only) | 1408 | $- | $- | $- | $- | ||
Management Improvements, PHA | 1408 | $- | $- | $- | $- | ||
Administration | 1410 | $- | $- | $- | |||
Outside Legal Cost: PHA/Grantee | 1430 | $- | $- | $- | $- | ||
Fees & Costs | 1430 | $- | $- | $- | $- | ||
Site Acquisition | 1440 | $- | $- | $- | $- | ||
Site Improvement | 1450 | $- | $- | $- | $- | ||
Non-Dwelling Structures | 1470 | $- | $- | $- | $- | ||
Non-Dwelling Equipment | 1475 | $- | $- | $- | $- | ||
Demolition (and associated remediation) | 1485 | $- | $- | $- | $- | ||
Relocation Expense | 1495 | $- | $- | $- | $- | ||
Total Additional Uses (Part B) | $- | $- | $- | $- | |||
Total Uses this Phase (Parts A and B) | $- | $- | $- | $- | |||
Page 4 of 12 | form HUD-50156 (7/2015) | ||||||
Check--Do Sources Equals Uses? | |||||||
Sources minus Uses, Part A | $- | $- | $- | $- | |||
Sources minus Uses, Part B | $- | $- | $- | $- | |||
Sources minus Uses, Phase Total | $- | $- | $- | $- |
PERMANENT SOURCES AND USES | ||||||||||
EXHIBIT F TO THE MIXED-FINANCE ACC AMENDMENT | ||||||||||
SUMMARY BUDGET -- PHASE I ONLY (PERMANENT FINANCING) | ||||||||||
Grantee or Applicant HA: | [Enter the PHA/Grantee name] | |||||||||
Development Name and Phase: | [enter the HOPE VI or Choice Neighborhoods grant name]: [Enter the name of the phase/project] | |||||||||
PIC Development Number: | [enter the new AMP-format development number] | |||||||||
Unit Type: | Rental Public Housing | Rental non-PH | HO w/PH Assistance | HO w/o PH Assistance | Total Units this Phase | |||||
Number of Units (entered on Unit Mix worksheet): | - | - | - | - | - | |||||
Part A: Development Sources | Loan/Grant/Equity | PH Capital Assist. | Private Funds | Other Public Funds | Total | |||||
Public Housing Capital Assistance: Loan | Loan | $- | $- | $- | $- | |||||
Public Housing Capital Assistance: Grant | Grant | $- | $- | $- | $- | |||||
Low Income Housing Tax Credit Equity | Equity | $- | $- | $- | $- | |||||
Other: Insert Label | $- | $- | $- | $- | ||||||
Other: GP Contribution | $- | $- | $- | $- | ||||||
Other: Insert Label | $- | $- | $- | $- | ||||||
Other: Insert Label | $- | $- | $- | $- | ||||||
Other: Insert Label | $- | $- | $- | $- | ||||||
Other: Insert Label | $- | $- | $- | $- | ||||||
Other: Insert Label | $- | $- | $- | $- | ||||||
Other: Insert Label | $- | $- | $- | $- | ||||||
Total Development Sources (Part A) | $- | $- | $- | $- | ||||||
Part B: Additional Sources | PH Capital Assist. | Private Funds | Other Public Funds | Total | ||||||
Public Housing Capital Assistance: | $- | $- | $- | $- | ||||||
Other: Insert Label | $- | $- | $- | $- | ||||||
Other: Insert Label | $- | $- | $- | $- | ||||||
Total Additional Sources (Part B) | $- | $- | $- | $- | ||||||
Total Sources this Phase (Parts A and B) | $- | $- | $- | $- | ||||||
Part A: Development Uses | ||||||||||
Development Construction Costs | HUD Bdgt Line Item | PH Capital Assist. | Private Funds | Other Public Funds | Total | |||||
Residential Construction | 1460 | $- | $- | $- | $- | |||||
Residential Rehabilitation | 1460 | $- | $- | $- | $- | |||||
Other Residential Construction: Insert Label | 1460 | $- | $- | $- | $- | |||||
Builder's General Requirements | 1460 | $- | $- | $- | $- | |||||
Builder's Overhead] | 1460 | $- | $- | $- | $- | 1460 Total | ||||
Builder's Profit | 1460 | $- | $- | $- | $- | $- | ||||
Other BLI 1460: Insert Label | 1460 | $- | $- | $- | $- | |||||
Other BLI 1460: Insert Label | 1460 | $- | $- | $- | $- | |||||
Site Improvement | 1450 | $- | $- | $- | $- | 1450 Total With Extraordinary Costs | ||||
Extraordinary Site Costs | 1450 | $- | $- | $- | $- | $- | ||||
Other Site Improvement: Insert Label | 1450 | $- | $- | $- | $- | 1450 Total Without Extraordinary Costs | ||||
Other Site Improvement: Insert Label | 1450 | $- | $- | $- | $- | $- | ||||
Non-Residential Construction: Community Ctr. | 1470 | $- | $- | $- | $- | 1470 Total | ||||
Other Non-Residential Const.: Insert Label: | 1470 | $- | $- | $- | $- | $- | ||||
Other Non-Residential Const.: Insert Label: | 1470 | $- | $- | $- | $- | |||||
Subtotal: Development Construction Costs | $- | $- | $- | $- | ||||||
Development Soft Costs | HUD Bdgt Line Item | PH Capital Assist. | Private Funds | Other Public Funds | Total | |||||
Acquisition of Site(s) | 1440 | $- | $- | $- | $- | 1440 Total | ||||
Other Acquisition Cost: Insert Label | 1440 | $- | $- | $- | $- | $- | ||||
Other Acquisition Cost: Insert Label | 1440 | $- | $- | $- | $- | |||||
Accounting and Cost Certification | 1430 | $- | $- | $- | $- | 1430 Total+Dev Fee+Reserves | ||||
Appraisal Expense | 1430 | $- | $- | $- | $- | $- | ||||
Architect & Engineer Fees | 1430 | $- | $- | $- | $- | 1430 Without Dev Fee and Reserves | ||||
Environmental Assessment, Testing & Cleanup | 1430 | $- | $- | $- | $- | $- | ||||
Financing & Application Expense, Lender | 1430 | $- | $- | $- | $- | |||||
Financing & Application Expense, Tax Credit | 1430 | $- | $- | $- | $- | |||||
Insurance, Construction Period | 1430 | $- | $- | $- | $- | GC's G&A (Incl Bond Premiums | ||||
Interest, Construction & Bridge Loan(s) | 1430 | $- | $- | $- | $- | |||||
Legal Expense, Developer & Lender(s) | 1430 | $- | $- | $- | $- | |||||
Marketing & Lease-up Expense | 1430 | $- | $- | $- | $- | |||||
Permits, Construction & Utility Hookup | 1430 | $- | $- | $- | $- | |||||
PILOT & Taxes, Construction Period | 1430 | $- | $- | $- | $- | |||||
Survey | 1430 | $- | $- | $- | $- | |||||
Title & Recording Fees | 1430 | $- | $- | $- | $- | |||||
Operating Deficit (Construction Period) | 1430 | $- | $- | $- | $- | |||||
Program Manager | 1430 | $- | $- | $- | $- | |||||
Other Fees & Costs: Furnishings & market study | 1430 | $- | $- | $- | $- | |||||
Other Fees & Costs: Insert Label | 1430 | $- | $- | $- | $- | |||||
Other Fees & Costs: Insert Label | 1430 | $- | $- | $- | $- | |||||
Other Fees & Costs: Insert Label | 1430 | $- | $- | $- | $- | |||||
Other Fees & Costs: Insert Label | 1430 | $- | $- | $- | $- | |||||
Developer Fee | $- | $- | $- | $- | Total Developer Fee | |||||
Other Developer Fee:: Insert Label | $- | $- | $- | $- | $- | |||||
Other Developer Fee:: Insert Label | $- | $- | $- | $- | ||||||
Contingency | 1430 | $- | $- | $- | $- | Total Reserves | ||||
Reserve Deposit, Operating | $- | $- | $- | $- | $- | |||||
Operating subsidy reserve | $- | $- | $- | $- | ||||||
Lease-up Reserve | $- | $- | $- | $- | ||||||
Supportive service reserve | $- | $- | $- | $- | ||||||
Other Reserves: Oper, Debt & Tax reserves | $- | $- | $- | $- | ||||||
Other Reserves: ACC units reserve | $- | $- | $- | $- | ||||||
Subtotal: Development Soft Costs | $- | $- | $- | $- | ||||||
Total Uses for Development (Part A) | $- | $- | $- | $- | ||||||
Part B: Additional Uses | HUD Bdgt Line Item | PH Capital Assist. | Private Funds | Other Public Funds | Total | |||||
Community & Supp. Services (HOPE VI only) | 1408 | $- | $- | $- | $- | |||||
Management Improvements, PHA | 1408 | $- | $- | $- | $- | |||||
Administration | 1410 | $- | $- | $- | $- | |||||
Outside Legal Cost: PHA/Grantee | 1430 | $- | $- | $- | $- | |||||
Fees & Costs | 1430 | $- | $- | $- | $- | |||||
Site Acquisition | 1440 | $- | $- | $- | $- | |||||
Site Improvement | 1450 | $- | $- | $- | $- | |||||
Non-Dwelling Structures | 1470 | $- | $- | $- | $- | |||||
Non-Dwelling Equipment | 1475 | $- | $- | $- | $- | |||||
Demolition (and associated remediation) | 1485 | $- | $- | $- | $- | |||||
Relocation Expense | 1495 | $- | $- | $- | $- | |||||
Total Additional Uses (Part B) | $- | $- | $- | $- | ||||||
Total Uses this Phase (Parts A and B) | $- | $- | $- | $- | ||||||
Page 5 of 12 | form HUD-50156 (7/2015) | |||||||||
Check--Do Sources Equals Uses? | ||||||||||
Sources minus Uses, Part A | $- | $- | $- | $- | ||||||
Sources minus Uses, Part B | $- | $- | $- | $- | ||||||
Sources minus Uses, Phase Total | $- | $- | $- | $- |
Total Development Cost (TDC) Limit and Housing Construction Cost (HCC) Limit Calculations | |||||||||||||||
DEVELOPMENT NAME AND PHASE: [Enter the name of the phase/project] | |||||||||||||||
using TDC and HCC limits published in HUD Notice PIH 2011- 38(HA) with current year amounts as published by HUD at tbe | |||||||||||||||
Capital Fund Program website | for (All), (All) | ||||||||||||||
Step 3. Unit Mix (Note: enter info on the "Unit Mix" worksheet) | HCC Limits | TDC Limits | |||||||||||||
Structure Type | BRs | Rehab of Existing Pub. Hsg. |
New Const. |
Acq. with or w/o Rehab |
(new const. only) Per Unit |
(new const. only) Phase Totals |
Per Unit | Phase Totals |
|||||||
1 | - | - | - | $44,396,280 | $- | $77,693,491 | $- | ||||||||
2 | - | - | - | $53,205,134 | $- | $93,108,974 | $- | ||||||||
3 | - | - | - | $64,083,371 | $- | $112,145,903 | $- | ||||||||
4 | - | - | - | $75,567,080 | $- | $132,242,388 | $- | ||||||||
5 | - | - | - | $82,611,946 | $- | $144,570,915 | $- | ||||||||
6 | - | - | - | $88,902,396 | $- | $155,579,191 | $- | ||||||||
1 | - | - | - | $42,280,771 | $- | $73,991,335 | $- | ||||||||
2 | - | - | - | $50,809,405 | $- | $88,916,468 | $- | ||||||||
3 | - | - | - | $61,536,059 | $- | $107,688,100 | $- | ||||||||
4 | - | - | - | $73,253,603 | $- | $128,193,772 | $- | ||||||||
5 | - | - | - | $80,797,116 | $- | $141,394,971 | $- | ||||||||
6 | - | - | - | $87,880,719 | $- | $153,791,254 | $- | ||||||||
Walkup | 0 | - | - | - | $26,119,834 | $- | $45,709,717 | $- | |||||||
1 | - | - | - | $36,064,815 | $- | $63,113,417 | $- | ||||||||
2 | - | - | - | $45,720,581 | $- | $80,011,016 | $- | ||||||||
3 | - | - | - | $59,666,256 | $- | $104,415,930 | $- | ||||||||
4 | - | - | - | $74,370,948 | $- | $130,149,176 | $- | ||||||||
5 | - | - | - | $83,700,375 | $- | $146,475,689 | $- | ||||||||
6 | - | - | - | $92,893,436 | $- | $162,563,514 | $- | ||||||||
Elevator | 0 | - | - | - | $30,289,624 | $- | $48,463,398 | $- | |||||||
1 | - | - | - | $42,405,468 | $- | $67,848,774 | $- | ||||||||
2 | - | - | - | $54,521,313 | $- | $87,234,125 | $- | ||||||||
3 | - | - | - | $72,695,093 | $- | $116,312,160 | $- | ||||||||
4 | - | - | - | $90,868,872 | $- | $145,390,202 | $- | ||||||||
5 | - | - | - | $102,984,726 | $- | $164,775,583 | $- | ||||||||
6 | - | - | - | $115,100,573 | $- | $184,160,931 | $- | ||||||||
- | - | - | $- | $- | |||||||||||
Step 6. Enter Demo & Replacement Units (total, all phases) | (This portion of demolition cost is excluded from TDC limit) |
||||||||||||||
Number of public housing units to be demolished or lost to conversion (total, all phases) | $- | ||||||||||||||
(Minus) the number of replacement PH units to be built back on the original site (total, all phases) | ( | $- | ) | ||||||||||||
Equals PH units demolished and not replaced on the original PH site (total, all phases) | - | % of units: | 0% | ||||||||||||
Step 7. Enter all Sources of Public Housing Capital Assistance | |||||||||||||||
PH Capital Assistance incl. CFP, HOPE VI Revitalization, HOPE VI Demo-only Funds | $- | ||||||||||||||
Borrowed Funds to be Repaid with Public Housing Capital Assistance | $- | ||||||||||||||
Total Sources of Public Housing Capital Assistance | $- | ||||||||||||||
HUD Bdgt | |||||||||||||||
Step 8. Enter All Uses of Public Housing Capital Assistance | Line Item | ||||||||||||||
Community and Supportive Services ("CSS" -- for HOPE VI projects only) | 1408 | $- | PH Unit-to-PH Funds Ratio Note: in order to calculate the PH Unit-to-PH Funds ratio here, you must enter all sources of funds on the worksheet titled "Exh F Perm" |
||||||||||||
Management Improvements, PHA | 1408 | $- | |||||||||||||
Administration, PHA | 1410 | $- | |||||||||||||
Fees and Costs (planning, prog mgmt, insurance, initial oper deficit, etc.) | 1430 | $- | |||||||||||||
Site Acquisition (cost of sites w/o structures to be retained as housing) | 1440 | $- | |||||||||||||
Site Improvement (streets, site improvements and public improvements) | 1450 | $- | |||||||||||||
Dwelling Structures, Rehab (cost to rehab existing PH units only) | 1460 | $- | |||||||||||||
Dwelling Structures, New Const (w/OH+P, finish landscape + on-site util's) | 1460 | $- | |||||||||||||
Dwelling Structures, Acquisition (acq. of existing units, + rehab cost) | 1460 | $- | PH Funds as % of Total Funds: |
PH Units as % of Total Units: |
|||||||||||
Dwelling Equip, New Const (for new construction units only) | 1465 | $- | Step 9. Confirm: | ||||||||||||
Dwelling Equip, Rehab or Acq. Units (for existing PH and Acq. units) | 1465 | $- | ![]() |
||||||||||||
Nondwelling Structures (community facilities, social service space, etc.) | 1470 | $- | No Sources | No Units | |||||||||||
Nondwelling Equipment (e.g., vehicles) | 1475 | $- | Sources | = Uses | NA | ||||||||||
Demolition (enter total of all demo & environmental remediation costs) | 1485 | $- | Total Sources (Step 7) must | ||||||||||||
Relocation (moving expenses, & PHA cost of full-time relo staff) | 1495 | $- | equal Total Uses (Step 8) | ||||||||||||
Total Uses of Public Housing Capital Assistance | $- | ----> Difference: | $0 | ||||||||||||
Okay: Sources = Uses | |||||||||||||||
Excluded Demolition and Abatement Cost Calculation | |||||||||||||||
Total Cost of Public Housing Unit Demo & Associated Env. Abatement (BLI 1485) | $- | (± $5 rounding allowance) | For reference, TDC is over (under) the limit by: | ||||||||||||
Times % of Demo Costs Excluded as "Additional Project Costs" (% from Step 6) | x | 0% | NA | ||||||||||||
Equals Amount of Demo Costs Excluded from TDC Limit as "Additional Project Costs" | $- | ||||||||||||||
For reference, HCC is over (under) the limit by: | |||||||||||||||
Step 10. Enter Extraordinary Site Cost (must be approved by HUD) | $- | Step 11. Review Results | NA | ||||||||||||
TDC Limit Analysis: | |||||||||||||||
Community & Supportive Services ("CSS" -- for HOPE VI projects only) | - | Total Development Cost | |||||||||||||
(Minus) Total of "Extraordianry Site Costs" and CSS (excluded from TDC limit) | - | (PH Capital Assistance only) | |||||||||||||
Total Uses of Public Housing Capital Assistance (amount subject to TDC Limit) | $- | as Percentage of TDC Limit | Are both TDC and HCC less than or equal to 100% ? | ||||||||||||
No PH units (Step 3) | |||||||||||||||
Total Development Cost Limit (from Step 3 above) | If so, the project budget is within the TDC and HCC limits established by HUD. |
||||||||||||||
Public Housing Capital Assistance for Housing Construction Costs | HCC Limit Analysis: | ||||||||||||||
Dwelling Structures, New Const (w/OH+P, finish landscape + on-site util's) | 1460 | $- | Housing Construction Cost | . . . or, is either TDC or HCC greater than 100% ? | |||||||||||
Dwelling Equipment, New Const (if not already included in 1460) | 1465 | - | (PH Capital Assistance only) | ||||||||||||
Total Housing Construction Cost | $- | as Percentage of HCC Limit | In this case, project budget violates the TDC and/or HCC limit(s) established by HUD. |
||||||||||||
No PH units (Step 3) | |||||||||||||||
Housing Construction Cost Limit (if any, from Step 3 above) | |||||||||||||||
Page 6 of 12 | form HUD-50156 (7/2015) |
DEVELOPER FEE LIMIT | |||||||||||
Applicant PHA/Grantee: | [Enter the PHA/Grantee name] | ||||||||||
Grant Name, if applicable: | [enter the HOPE VI or Choice Neighborhoods grant name] | ||||||||||
Phase/Project Name: | [Enter the name of the phase/project] | ||||||||||
PIC Development Number: | [enter the new AMP-format development number] | ||||||||||
Project Costs taken from Exhibit F-2, Permanent S&U Under the tab named "Exh F-2 Perm" |
|||||||||||
Total project costs (Part A) | $- | ||||||||||
developer Fee | $- | ||||||||||
program mgt fee | $- | ||||||||||
reloc activities | $- | ||||||||||
Total reserves | |||||||||||
Reserve Deposit, Operating | $- | ||||||||||
Operating subsidy reserve | $- | ||||||||||
Lease-up Reserve | $- | ||||||||||
Supportive service reserve | $- | ||||||||||
Other Reserves: Insert Label | $- | ||||||||||
Other Reserves: Insert Label | $- | ||||||||||
PHA site improments and fees | $- | ||||||||||
Check ("X") blue box if Developer is not performing activity | acquisition | $- | |||||||||
demolition | $- | ||||||||||
HA admin | $- | ||||||||||
Basis for Fee | $0 | ||||||||||
Developer's Fee as % of Basis | 0.00% | ||||||||||
9% of Basis Maximum | |||||||||||
Calculated 9% Fee | $0 | ||||||||||
Within 9% Limit | $0 | ||||||||||
Negotiated Fee Between 9% and 12% | |||||||||||
Enter Fee Percentage Below | Calculated Fee at 0% | $0 | |||||||||
0.00% | Fee in S&U | $0 | |||||||||
Within Approved Limit | $0 | ||||||||||
12% Maximum | |||||||||||
12% Fee | $0 | ||||||||||
Within 12% Limit | $0 | ||||||||||
Page 7 of 12 | form HUD-50156 (7/2015) |
Contractor Fee Limit | ||||||||
Applicant PHA/Grantee: | [Enter the PHA/Grantee name] | |||||||
Grant Name, if applicable: | [enter the HOPE VI or Choice Neighborhoods grant name] | |||||||
Phase/Project Name: | [Enter the name of the phase/project] | |||||||
PIC Development Number: | [enter the new AMP-format development number] | |||||||
Project Costs taken from Exhibit F-2, Permanent S&U Under the tab named "Exh F-2 Perm" |
||||||||
Hard Construction Costs | ||||||||
Residential construction | $- | Total of All Residential Construction | ||||||
Site work and landscaping | $- | Total of Site Improvements Part A |
||||||
Basis | $0 | |||||||
Amount | Percentage of Basis | |||||||
Overhead: 2% Limit | ||||||||
term sheet | $- | 0.00% | ||||||
calculated | $0 | 2.00% | ||||||
difference | $0 | Within Limit | ||||||
Profit: 6% Limit | ||||||||
term sheet | $0 | 0.00% | ||||||
calculated | $0 | 6.00% | ||||||
difference | $0 | Within Limit | ||||||
General Conditions: 6% Limit (G&A includes Bond Premium) | ||||||||
term sheet | $0 | 0.00% | ||||||
calculated | $0 | 6.00% | ||||||
difference | $0 | Within Limit | ||||||
Page 8 of 12 | form HUD-50156 (7/2015) |
Mixed-Finance Operating Pro forma Worksheet | |||||||||
Applicant PHA/Grantee: | [Enter the PHA/Grantee name] | ||||||||
Grant Name, if applicable: | [enter the HOPE VI or Choice Neighborhoods grant name] | ||||||||
Phase/Project Name: | [Enter the name of the phase/project] | ||||||||
PIC Development Number: | [enter the new AMP-format development number] | ||||||||
Provide the following assumptions, which should be reflected on the 15 year operating pro forma. | |||||||||
ASSUMPTIONS | |||||||||
Rental income annual increase (%) | 0.0% | ||||||||
Other income annual increase (%) | 0.0% | ||||||||
Vacancy rate (%) | 0.0% | ||||||||
Expense annnual increase (%) | 0.0% | ||||||||
Replacement reserve monthly amount ($) | $0.00 | ||||||||
Replacement reserve annual increase (%) | 0.0% | ||||||||
Property Management Fee (Fixed fee OR % of EGI, NOT BOTH) | |||||||||
Fixed fee (per unit per month) ($) | $0.00 | ||||||||
Annual increase (%) | 0.0% | ||||||||
Percentage of Effective Gross Income | 0.0% | ||||||||
Page 9 of 12 | form HUD-50156 (7/2015) |
Rental Income | ||||||||
Applicant PHA/Grantee: | [Enter the PHA/Grantee name] | |||||||
Grant Name, if applicable: | [enter the HOPE VI or Choice Neighborhoods grant name] | |||||||
Phase/Project Name: | [Enter the name of the phase/project] | |||||||
PIC Development Number: | [enter the new AMP-format development number] | |||||||
# of | Number | Monthly | Avg PH | Operating | Annual | |||
Type | Bedrooms | of Units | Rent | Rent | Subsidy | Rent | ||
ACC Units (including ACC/LIHTC)** | 0 | $0 | $0 | 0 | ||||
Market Rate |
0 | |||||||
0 | ||||||||
0 | ||||||||
0 | ||||||||
0 | ||||||||
0 | ||||||||
0 | ||||||||
0 | ||||||||
0 | ||||||||
0 | ||||||||
Total Market | 0 | 0 | ||||||
LIHTC only | 0 | |||||||
0 | ||||||||
0 | ||||||||
0 | ||||||||
0 | ||||||||
0 | ||||||||
0 | ||||||||
0 | ||||||||
Total LIHTC only | 0 | 0 | ||||||
S8/ LIHTC* | 0 | |||||||
0 | ||||||||
0 | ||||||||
0 | ||||||||
0 | ||||||||
Total S8/Tax Credit | 0 | 0 | ||||||
Tota Units | 0 | 0 | ||||||
*Section 8/Low Income Housing Tax Credit rent is the lower of S8 or LIHTC allowable rent. For this project LIHTC rent is lower. | ||||||||
** Public Housing rent is the greater of 30% of income or $25. | ||||||||
All rents should be net of utility allowances. | ||||||||
Page 10 of 12 | form HUD-50156 (7/2015) |
15 Year Operating Pro Forma | |||||||||||||||||
Applicant PHA/Grantee: | [Enter the PHA/Grantee name] | ||||||||||||||||
Grant Name, if applicable: | [enter the HOPE VI or Choice Neighborhoods grant name] | ||||||||||||||||
Phase/Project Name: | [Enter the name of the phase/project] | ||||||||||||||||
PIC Development Number: | [enter the new AMP-format development number] | ||||||||||||||||
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 | Year 11 | Year 12 | Year 13 | Year 14 | Year 15 | |||
Operating Income | |||||||||||||||||
Market Rate Rent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
LIHTC Rent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Project Based Voucher Rent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Other Rental Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Total Non-Public Housing Rental Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Public Housing Rental Income | |||||||||||||||||
Tenant Rent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Public Housing Operating Subsidy | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Total Public Housing Rental Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Gross Rental Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Other Income (laundry, interest, etc.) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Gross Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Less Vacancy Allowance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Effective Gross Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Operating Expenses | |||||||||||||||||
Salaries | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Property Management Fee | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Utilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Maintenance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Insurance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Real Estate Taxes/PILOT | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Supportive Services | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Advertising | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Office | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Accounting | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Security | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Other: | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Total Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Transfer to Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Other Expeness | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Net Operating Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Debt Service | |||||||||||||||||
Loan 1: | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Loan 2: | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Loan 3: | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Total Debt Service | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Debt Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||
Fee: | |||||||||||||||||
Fee: | |||||||||||||||||
Fee: | |||||||||||||||||
Cash Flow Available for Distribution | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Distribution: | |||||||||||||||||
Distribution: | |||||||||||||||||
Distribution: | |||||||||||||||||
Distribution: | |||||||||||||||||
Distribution: | |||||||||||||||||
TOTAL | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Page 11 of 12 | form HUD-50156 (7/2015) | ||||||||||||||||
File Type | application/vnd.openxmlformats-officedocument.spreadsheetml.sheet |
File Modified | 0000-00-00 |
File Created | 0000-00-00 |