For Project Development and Preservation

Richard Silverblatt Associates, Inc.
Activities and Decisions Prior to the Submission of the Firm Commitment Application


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
Development Milestones

Fund Reservation

State/Local Approvals

Firm Commitment Application

Pre-Construction Conference

Initial Closing

Construction Period

Rent-Up and Marketing

Pre-Cost Certification Conference

Cost Certification

Project Rental Assistance Contract

Occupancy Requirements

Final Closing


Developing a Strategy for Project

Applying for a Contract Rent

Reviewing Replacement Reserves

Refinancing a Section 202 Direct Loan

Preparing for REAC Inspections

Establishing a Project Library


HUD Bookletters

HUD Forms

HUD Handbooks

HUD Information & Web Sources

HUD Notices

HUD NY HUB Handouts

Practical Guide to 202/811 Terms

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