My Website

SECTION 202 AND SECTION 811- DEVELOPMENT TEAM REFERENCE GUIDE
For Project Development and Preservation

Richard Silverblatt Associates, Inc.

Activities and Decisions Prior to the Submission of the Firm Commitment Application

Activities

Prior to the submission of the Firm Commitment application, Sponsors are required to attend to a number of activities as listed below:

• HUD Project Planning Conference with HUD staff to review the requirements of the firm commitment application.

• Formation of the Owner Corporation

• Previous Participation Certifications to be Submitted: Form HUD-2530 or electronically via APPS. Click on new HUD Guidance for submission of Previous Participation Certification.

• Housing Consultant Information to be Submitted

• Joint Work Write-Up (for rehab projects only)

• Conditions in the Fund Reservation Letter

• Section 811 Fund Reservation Applicants with Site Identification

Home>Firm Commitment Description>Activities/Decisions Prior to Firm Commitment Submission

Key Decisions to be Considered Prior to the Start of the Firm Commitment Application

Selection of a qualified general contractor
Cost Plus or Lump Sum Contract for the general contractor
Self-management or selection of a management agent
Selection of a cost estimator
Selection of a licensed surveyor
Selection of a third-party engineer for material testing and required inspections
For a mixed-financed project, selection of an experienced advisory team