HUD 52613 Rental Assistance Demonstration Resource Desk (PHA Libra

PHA Library Property Summary Page | Rental Assistance Demonstration Resource Desk

HUD-RAD HOME

RAD RD HOME

CONTACT RAD RD

Page 1 of 1

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PHA Libraries - Sample PHA
Property Name6DPSOH3URSHUW\1DPH
CHAP Issuance Date
View CHAP

View Application
Expected Close Date

Save
(Updated: 01/10/2013)

Property Details
Application Documents and Initial Comments

Upload Files

30 Day Milestone

Date Due:

01/31/2013

Date Submitted:

Upload Files

HUD Review

60 Day Milestone

Date Due:

03/02/2013

Date Submitted:

N/A

Upload Files

HUD Review

90 Day Milestone

Date Due:

04/01/2013

Date Submitted:

N/A

Upload Files

HUD Review

150 Day Milestone

Date Due:

05/31/2013

Date Submitted:

N/A

Upload Files

HUD Review

180 Day Milestone

Date Due:

06/30/2013

Date Submitted:

N/A

Upload Files

HUD Review

270 Day Milestone

Date Due:

N/A

Date Submitted:

N/A

Upload Files

HUD Review

320 Day Milestone

Date Due:

11/17/2013

Date Submitted:

N/A

Upload Files

HUD Review

360 Day/Closing Milestone

Date Due:

12/27/2013

Date Submitted:

N/A

Upload Files

HUD Review

Paperwork Reduction Notice: The information collection requirements contained in this notice have been approved by the Office of Management and Budget
(OMB) under the Paperwork Reduction Act of 1995 (44 U.S.C. 3520). 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 applying to the Rental Assistance Demonstration pursuant to PL-112-55 and HUD requirements as explained in
PIH Notice PIH-2012-032. The information will be used to provide HUD with sufficient information to enable a determination that the proposed conversion is
financially feasible and that HUD statutory and regulatory requirements have been met.
Please address any comments or questions on this data collection to [email protected] and the appropriate personnel will respond to your inquiry in a timely manner.
HUD may not collect this information, and you are not required to complete this form unless it displays a currently valid OMB number. Limited confidentiality
is assured.

HUD Form 52613

http://www.radresource.net/phalibrary_summary.cfm?pid=230

1/24/2013

30 Days Library | Rental Assistance Demonstration Resource Desk

HUD-RAD HOME

RAD RD HOME

Page 1 of 1

CONTACT RAD RD

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PHA Libraries - Upload Documents - Sample PHA
Property Name

View Application

MAIN STREET HOUSING

30 Days Following CHAP Issuance

CHAP Issuance Date

01/01/2013

Due Date: 01/31/2013

Milestone Complete

01/09/2013

HUD Review

1. Accepted Lender Engagement or Commitment Letter
This letter must include the HUD‐specified language which states that the lender is aware of all relevant RAD policies including the RAD Use Agreement provisions and
ongoing requirements in the case of foreclosure or bankruptcy. The letter must also include the proposed loan amount, key business terms of the loan, pro forma sources
and uses, and pro forma stabilized cash flow.
2. Statement of Development Team Capacity
This statement must identify the proposed development team members, corresponding resumes, and evidence of recent successful experience in financing, developing,
rehabilitating, constructing, owning and/or operating similar properties. Proposed teaming partner relationships must be described. Note: If multiple financing sources
are being proposed, the development team must demonstrate they have experience with at least three mixed/multiple financing transactions.
When all required documents have been uploaded, PHA should upload Milestone Complete Certification, which will trigger Milestone Complete Date.

UPLOAD DOCUMENTS
Milestone Document: Accepted Lender Engagement
Load Document:

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Existing Documents
Comment History./
Return to Property Listing

HUD Form 52613

http://www.radresource.net/30days.cfm?pid=230

1/24/2013

60 Days Library | Rental Assistance Demonstration Resource Desk

HUD-RAD HOME

RAD RD HOME

Page 1 of 1

CONTACT RAD RD

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PHA Libraries - Upload Documents - Sample PHA
Property Name6DPSOH3URSHUW\1DPH

View Application

60 Days Following CHAP Issuance

CHAP Issuance Date

Due Date: 03/02/2013

01/01/2013

Milestone Complete

N/A

HUD Review

1. The Significant Amendment to Annual/Five Year Plan
Non qualified PHAs must submit a significant amendment to the PHA’s Five Year Plan and the Annual Plan. Qualified PHAs must submit a significant amendment to
its Five Year Plan. Additionally, if the conversion will require changes to the PHA’s Admissions and Continued Occupancy Plan (ACOP) and/or Section 8
Administrative Plan, these changes must be submitted with the significant amendment. In addition to the information already required by 24 CFR Part 903 for PHA Plan
amendments, all PHAs must including the following information in their significant amendment: 1) description of units to be converted, including number of units,
bedroom distribution, type of units; 2) any change in the number of units that is proposed as part of the conversion including de minimis unit reductions and unit
reductions exempt from the de minimis cap; 3) any change in bedroom distribution of units that is proposed; 4) any change in policies that govern eligibility, admission,
selection, waiting list preferences, and occupancy of units at the project after conversion; 5) If there will be a transfer of assistance at the time of conversion, it must also
include the location and census tract of any converted units that will be transferred off-site . If some but not all of the assisted units will be transferred to another site at
the time of conversion, it must also include a description of how the waiting list will be transferred and how households will be selected for the transfer.
2. Statement on PHAs Decision To Convert Project to PBV or to PBRA and Voucher Agency Letter (If Applicable)
The PHA must indicate if it will convert to PBVs or to PBRA. If the PHA chooses PBVs and does not administer a Housing Choice Voucher program, the PHA must
also submit a signed letter from a voucher agency which states its willingness to administer the PBVs.
When all required documents have been uploaded, PHA should upload Milestone Complete Certification, which will trigger Milestone Complete Date.

UPLOAD DOCUMENTS
Milestone Document: Significant Amendment to Annual Plan
Load Document:

Browse...

Existing Documents
There are no documents associated with the 60 Day Milestone for this property.

Comment History
Return to Property Listing

HUD Form 52613

http://www.radresource.net/60days.cfm?pid=230

1/24/2013

90 Days Library | Rental Assistance Demonstration Resource Desk

HUD-RAD HOME

RAD RD HOME

Page 1 of 1

CONTACT RAD RD

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PHA Libraries - Upload Documents - Sample PHA
Property Name

View Application

MAIN STREET HOUSING

90 Days Following CHAP Issuance

CHAP Issuance Date

Due Date: 04/01/2013

01/01/2013

Milestone Complete

N/A

HUD Review

1. PHA Certification that Industry‐standard Due Diligence has been Performed
This certification must indicate that all industry‐standard due diligence has been performed and received by the lender and/or financing sources. A copy of the
completed PCA report must be submitted with this certification.

When all required documents have been uploaded, PHA should upload Milestone Complete Certification, which will trigger Milestone Complete Date.

UPLOAD DOCUMENTS
Milestone Document: Certification that Due Diligence Performed
Load Document:

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Existing Documents
There are no documents associated with the 90 Day Milestone for this property.

Comment History
There are no comments associated with the 90 Day Milestone for this property.
Return to Property Listing

)

HUD Form 52613

http://www.radresource.net/90days.cfm?pid=230

1/24/2013

180 Days Library | Rental Assistance Demonstration Resource Desk

HUD-RAD HOME

RAD RD HOME

Page 1 of 1

CONTACT RAD RD

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PHA Libraries - Upload Documents - Sample PHA
Property Name

Application Not Available

CHAP Issuance Date

180 Days Following CHAP Issuance

Milestone Complete

11/01/2012

Due Date: 04/30/2013

N/A

HUD Review

1. RAD Financing Plan
COMPLIANCE SATISFIED BY EITHER ATTACHING A FILE,
CHECKING A BOX, OR ITEM IS NOT APPLICABLE
Item DESCRIPTION

FILE
ATTACHED

CHECK
BOX
Place an “X” by the appropriate selection

N/A

1

Type of
Conversion

Note filename for upload if there’s been a
change in conversion type

2

Physical
Condition
Assessment
(PCA)

Note filenames here for the narrative and the
EXCEL tool

3

Scope of Work

Note filenames here for upload

Place an “X” here if not applicable

4

Completed
Environmental
Review

Note filename here for upload

Place an “X” here if FHA-insured

5

Relocation&Accessibility Checklist Template Below

Place an “X” here if not applicable

6

Development
Budget

Note filename here for upload

Place an “X” here if not applicable

7

Development
Team

Note filename here for upload

Place an “X” here if not applicable

8

Proposed
Financing

Note filename here for upload

Place an “X” here if not applicable

9

Operating Pro
Forma

Note filename here for upload

10

Market Study

Note filename here for upload

Place an “X” here if not applicable

11

Rehabilitation/
Construction
Management

Note filename here for upload

Place an “X” here if not applicable

#5 - Accessbility and Relocation Plan Checklist Template
When all required documents have been uploaded, PHA should upload Milestone Complete Certification, which will trigger Milestone Complete Date.

UPLOAD DOCUMENTS
Milestone Document: RAD Financing Plan Checklist
Load Document:

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Existing Documents
There are no documents associated with the 180 Day Milestone for this property.

Comment History
There are no comments associated with the 180 Day Milestone for this property.
Return to Property Listing

HUD Form 52613

http://www.digital-wise.com/rad/180days.cfm?pid=2

1/24/2013

270 Days Library | Rental Assistance Demonstration Resource Desk

HUD-RAD HOME

RAD RD HOME

Page 1 of 1

CONTACT RAD RD

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PHA Libraries - Upload Documents - Sample PHA
Property Name

MAIN STREET HOUSING

View Application

270 Days Following CHAP Issuance

CHAP Issuance Date

Due Date:

01/01/2013

Milestone Complete

N/A

HUD Review

1. Return Executed RCC to HUD
The PHA has 30 calendar days from the date of issuance of the RCC to execute the RCC and return it to HUD.
When all required documents have been uploaded, PHA should upload Milestone Complete Certification, which will trigger Milestone Complete Date.

UPLOAD DOCUMENTS
Milestone Document: RCC
Load Document:

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Existing Documents
There are no documents associated with the 270 Day Milestone for this property.

Comment History
There are no comments associated with the 270 Day Milestone for this property.
Return to Property Listing

HUD Form 52613

http://www.radresource.net/270days.cfm?pid=230

1/24/2013

320 Days Library | Rental Assistance Demonstration Resource Desk

HUD-RAD HOME

RAD RD HOME

Page 1 of 1

CONTACT RAD RD

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PHA Libraries - Upload Documents - Sample PHA
Property Name

View Application

MAIN STREET HOUSING

320 Days Following CHAP Issuance

CHAP Issuance Date

01/01/2013

Milestone Complete

Due Date: 11/17/2013

N/A

HUD Review

1. Submit Firm Commitment for Financing or Equivalent
The PHA must submit evidence of firm commitment of financing or equivalent securing all sources of financing required to close the transaction.
When all required documents have been uploaded, PHA should upload Milestone Complete Certification, which will trigger Milestone Complete Date.

UPLOAD DOCUMENTS
Milestone Document: Financing Firm Commitment
Load Document:

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Existing Documents
There are no documents associated with the 320 Day Milestone for this property.

Comment History
There are no comments associated with the 320 Day Milestone for this property.
Return to Property Listing

HUD Form 52613

http://www.radresource.net/320days.cfm?pid=230

1/24/2013

360 Days Library | Rental Assistance Demonstration Resource Desk

HUD-RAD HOME

RAD RD HOME

Page 1 of 1

CONTACT RAD RD

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PHA Libraries - Upload Documents - Sample PHA
Property Name

MAIN STREET HOUSING

View Application

360 Days Following CHAP Issuance

CHAP Issuance Date

01/01/2013

Due Date:12/27/2013

Milestone Complete

N/A

HUD Review

1. Closing of RAD Transaction
Closing must include evidence of the following: 1) Release of the Public Housing Declaration of Trust; 2) Removal from the public housing ACC; 3) Execution of the
new PBRA or PBV HAP contract; 4) Execution and Recordation of the RAD Use Agreement; 5) Closing of any bridge, construction, permanent debt, or equity
financing; 6) Closing of the terms and conditions of the RCC; 7) Lender’s Counsel opinion to HUD stating that the closing took place in accordance with the Notice and
all other applicable requirements. Note: If the project is being financed with an FHA‐insured loan, the MAP guide closing requirements will apply.
When all required documents have been uploaded, PHA should upload Milestone Complete Certification, which will trigger Milestone Complete Date.

UPLOAD DOCUMENTS
Milestone Document: New Executed PBRA or PBV HAP Contract
Load Document:

Browse...

Existing Documents
There are no documents associated with the 360 Day Milestone for this property.

Comment History
There are no comments associated with the 360 Day Milestone for this property.
Return to Property Listing
RentalAssistance Dem onstration Resource Desk copyright2012

HUD Form 52613

http://www.radresource.net/360days.cfm?pid=230

1/24/2013

Transaction Log | Rental Assistance Demonstration Resource Desk

HUD-RAD HOME

RAD RD HOME

Page 1 of 4

CONTACT RAD RD

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PHA Libraries - Pro Forma Template
Property Name

CHAP Issuance Date

MAIN STREET HOUSING

01/01/2013

Operating Pro Forma
If any item has changed, populate data for all items in the column. As‐closed numbers must be entered for 360 Day Milestone, regardless of change.
30-Day
Milestone

60-Day
Milestone

90-Day
Milestone

150-Day
Milestone

180-Day
Milestone

270-Day
Milestone

320-Day
Milestone

360-Day
Milestone

01/31/2013

03/02/2013

04/01/2013

05/31/2013

06/30/2013

N/A

11/17/2013

12/27/2013

Application
Check if no change for this
milestone:
Apartment Unit Mix
RAD Apartments

100

Market Rate Apartments

0

Affordable Apartments (other
than RAD)

0

Application

30-Day
Milestone

60-Day
Milestone

90-Day
Milestone

150-Day
Milestone

180-Day
Milestone

270-Day
Milestone

320-Day
Milestone

360-Day
Milestone

01/31/2013

03/02/2013

04/01/2013

05/31/2013

06/30/2013

N/A

11/17/2013

12/27/2013

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

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$

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$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

Check if no change for this
milestone:
GPR RAD
GPR Market Rate Apartments
GPR Affordable Apartments (other
than RAD)
GPR Commercial
Vacancy Loss
Bad Debt Loss
Other Income
Effective Gross Income
Administrative
Asset Management Fee
Tenant Services
Utility Expense
Ordinary Maitenance and Ops
Protective Services
Real Estate Tax
Property Insurance

$

608,400.00
$

0.00
$

0.00
$

0.00
$

30,420.00
$

0.00
$

0.00
$

577,980.00
$

$

0.00

$

0.00

$

0.00

$

0.00

$

0.00

$

0.00

$

0.00

$

0.00

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

96,560.00
$

36,504.00
$

18,685.00
$

51,800.00
$

263,634.00
$

0.00
$

0.00
$

46,521.00

HUD Form 52613

http://www.radresource.net/translog.cfm?pid=230&from=60days

1/24/2013

Transaction Log | Rental Assistance Demonstration Resource Desk

$

Liability Insurance

Page 2 of 4

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

0.00
$

Other General Expenses

0.00
$

Total Operating Expenses

$

513,704.00

0.00

$

Replacement Reserve Deposit

$

0.00
$

$

0.00
$

$

0.00
$

$

0.00

$

0.00

$

$

0.00

$

$

$

0.00
$

$

50,000.00
$

Net Operating Income

$

14,276.00

0.00

$

First Mortgage Debt Service

$

0.00
$

$

0.00
$

$

0.00
$

$

0.00

$

0.00

$

$

0.00

$

$

$

0.00
$

$

6,362.00
$

Operating Cash Flow

$

7,914.00

0.00

$

0.00

$

0.00

$

0.00

$

0.00

$

0.00

$

0.00

$

0.00

First Mortgage Detail (if any)
If any item has changed, populate data for all items in the column. As‐closed numbers must be entered for 360 Day Milestone, regardless of change.
30-Day
Milestone

60-Day
Milestone

90-Day
Milestone

150-Day
Milestone

180-Day
Milestone

270-Day
Milestone

320-Day
Milestone

360-Day
Milestone

01/31/2013

03/02/2013

04/01/2013

05/31/2013

06/30/2013

N/A

11/17/2013

12/27/2013

$

$

$

$

$

$

$

Application
Check if no change for this
milestone:
FHA Insurance
Financing Type (ex: 221(d)(4),
223f)
Loan Amount
Interest Rate
MIP

conv

d4

109,942.00

109,942.00

$

$

5.000

3.000

%

%

%

%

%

%

%

%

%

$

$

$

$

$

$

$

$

$

0.00

0.45

Maturity Term

40.0

40.0

Amortization Term

40.0

40.0

Sources
If any item has changed, populate data for all items in the column. As‐closed numbers must be entered for 360 Day Milestone, regardless of change.
Application

30-Day
Milestone

60-Day
Milestone

90-Day
Milestone

150-Day
Milestone

180-Day
Milestone

270-Day
Milestone

320-Day
Milestone

360-Day
Milestone

01/31/2013

03/02/2013

04/01/2013

05/31/2013

06/30/2013

N/A

11/17/2013

12/27/2013

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

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$

$

$

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$

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$

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$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

Check if no change for this
milestone:
New First Mortgage Loan
Public Housing Operating Reserves
Prior Year Public Housing Capital
Funds
Replacement Housing Factor

$

109,942.00
$

521,000.00
$

0.00
$

0.00

Low Income Housing Tax Credit
Equity - 4%

$

Low Income Housing Tax Credit
Equity - 9%

$

Other: Insurance & Tax Escrow
Other: Seller Note
Other: Deferred Dev Fee
Other:
Other:
Other:
Total Sources

757,990.00
0.00
$

70,552.00
$

1,883,268.00
$

192,444.00
$

0.00
$

0.00
$

0.00
$

3,535,196.00

$

0.00

$

0.00

$

0.00

$

0.00

$

0.00

$

0.00

$

0.00

$

0.00

HUD Form 52613

http://www.radresource.net/translog.cfm?pid=230&from=60days

1/24/2013

Transaction Log | Rental Assistance Demonstration Resource Desk

Page 3 of 4

Uses
If any item has changed, populate data for all items in the column. As‐closed numbers must be entered for 360 Day Milestone, regardless of change.
Application

30-Day
Milestone

60-Day
Milestone

90-Day
Milestone

150-Day
Milestone

180-Day
Milestone

270-Day
Milestone

320-Day
Milestone

360-Day
Milestone

01/31/2013

03/02/2013

04/01/2013

05/31/2013

06/30/2013

N/A

11/17/2013

12/27/2013

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

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$

$

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$

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$

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$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

Check if no change for this
milestone:
Acquisition Costs
Building and Land Acquisition
Other Costs

$

1,883,268.00
$

0.00

Payoff Existing Loans

$

Construction Costs

$

Relocation Costs

$

146,358.00
620,242.00
16,000.00

Professional Fees
Architecture & Engineering
Physical Condition Assessment
Borrower’s Legal Counsel
Lender’s Legal Counsel
Feasibility Studies
Environmental Reports
Appraisal / Market Study
Accounting
Survey
Other Costs FFE & Soft Cost Con

$

37,600.00
$

15,000.00
$

35,000.00
$

35,000.00
$

10,000.00
$

15,000.00
$

15,000.00
$

8,000.00
$

0.00
$

21,585.00

Loan Fees and Costs
FHA MIP
FHA Application Fee
FHA Inspection Fee
Financing Fee
Organizational Costs
Title Insurance/Exam Fee
Recordation Fee
Closing Escrow Agent Fee
Prepayment Penalty/Premium
Payables
Construction Interest
Construction Loan Fees
Cost of Bond Issuance
Other Costs

$

0.00
$

0.00
$

0.00
$

24,486.00
$

10,000.00
$

12,800.00
$

3,200.00
$

0.00
$

0.00
$

0.00
$

87,727.00
$

12,000.00
$

45,000.00
$

0.00

Reserves

http://www.radresource.net/translog.cfm?pid=230&from=60days

1/24/2013

Transaction Log | Rental Assistance Demonstration Resource Desk

Initial Deposit to Replacement
Reserve
Initial Operating Deficit Escrow
Operating Reserve
Tax and Insurance Escrow
Other
Developer Fees
Total Uses

$

Page 4 of 4

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

$

53,843.00
$

0.00
$

368,087.00
$

0.00
$

0.00
$

60,000.00
$

3,535,196.00

$

0.00

$

0.00

$

0.00

$

0.00

$

0.00

$

0.00

$

0.00

$

0.00

HUD Form 52613

http://www.radresource.net/translog.cfm?pid=230&from=60days

1/24/2013