ELIGIBLE APPLICATIONS

The applicant must provide an application in the form prescribed by the agency. At a minimum, the application shall include the following: A. a complete description of the project including: (1) a statement of the applicant's goals and objectives for the project; (2) a description of the site; (3) a description of the construction or rehabilitation to be completed; and (4) a description of the population for which the housing is being developed; B. a proposed budget for the project including: (1) a budget for the development of the project showing all development costs; (2) a budget for the operation of the project showing all anticipated operating costs, the proposed rents, and other sources of income; and (3) sources of funding sought or secured for the project; C. a proposed budget for the use of loan funds received from the capacity building revolving loan program; and D. a proposed timetable for the project, including a schedule for repayment of loan funds.