overview of the affordable housing program owner project workbook
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Overview of the Affordable Housing Program Owner Project Workbook. (AHP/APP-104). Overview & System Requirements. Customized Microsoft Excel 2007 Workbook that replaces the former Microsoft Excel Workbooks for Owner Project Workbook submissions utilized in prior AHP rounds. - PowerPoint PPT PresentationTRANSCRIPT
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Overview of the Affordable Housing Program Owner Project Workbook(AHP/APP-104)
2014 FEDERAL HOME LOAN BANK OF NEW YORK 101 PARK AVENUE NEW YORK, NY 10178 WWW.FHLBNY.COMFEDERAL HOME LOAN BANK OF NEW YORKRequires Microsoft Excel 2007, or later, in a Windows environment to be installed on the Users machine.Customized Microsoft Excel 2007 Workbook that replaces the former Microsoft Excel Workbooks for Owner Project Workbook submissions utilized in prior AHP rounds.Overview & System RequirementsUtilizes standard Excel functionality to ensure maximum compatibility across all prospective Users; any PC running Windows with Microsoft Excel 2007 (or later) installed should be able to complete and save an AHP Owner Project Workbook (workbook.xlsm). The template can be downloaded directly from the FHLBNYs public Website; once downloaded, the User can begin filling out the AHP Owner Project Workbook.
FEDERAL HOME LOAN BANK OF NEW YORKCells shaded in orange provide formulas to recognize possible input errorsUsers should input information into cells shaded in yellowInstructions TabProvides an overview of each worksheetRed triangles contain comments to assist in completing the workbook
FEDERAL HOME LOAN BANK OF NEW YORKProvides the anticipated timeline of the Project lifecycleProject Schedule Tab
Additional pertinent objectives may be added to the grid in the Other sectionAppropriate dates are entered into the yellow cells
FEDERAL HOME LOAN BANK OF NEW YORKProvides a detailed breakdown of the site(s) within the ProjectSite Information Tab
The top portion should be data for the location of the majority of project unitsThe next section should include specific data on each address
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Provides a breakdown of the Total Project CostsDevelopment Budget TabTotal Acquisition on Dev Budget must equal Acquisition Price on Site Info this must be substantiated by 3rd party documentationTIPS:Total Construction Costs on Dev Budget must equal the construction cost documentation submittedAny amounts input on the Other line items on the Dev Budget must be further explained on the Supplement worksheetIndicate what will be paid for with AHP funds
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Provides details for the Other soft costs on the Dev BudgetSupplement Tab
Input the Profit, Overhead and General Requirement amount and all Commercial Construction costs
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Provides a list of the Projects source of funds and their corresponding commitment statusesSource of Funds TabSelect the Funding Source Type from the dropdown menu and then provide the name of the source and the amount of construction and permanent funding.The commitment status is only required for the permanent financing sources
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Provides data on the targeting, unit counts and bedroom distribution for the ProjectTargeting TabInput income limits into the AMI chart use the current years incomeIf applicable, provide any explanations relevant to that Targeted AMI bucketDropdowns are available for Targeted AMI, Unit Type & Apartment Type
Next, input data points shaded in yellow for each targeted AMI for your Project
FEDERAL HOME LOAN BANK OF NEW YORKProvides a breakdown of the Projects typical household by Targeted AMI bucketsMarket TabFor purchase transactions only, including Habitat projects, provide the expected purchase transaction detailsFor all transactions, provide the expected financing details for a typical householdFor all transactions, provide the typical households income and expenses
Select the Funding Source Type from the dropdown menu and then provide the name of the source and the amount of permanent funding.
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Provides a summary of the data that has been inputResults TabProvide a detailed explanation to any items resulting in ExplainProvides a measurement of your application against the Banks feasibility guidelinesProvides a per unit breakdown of costs and financing as compared to the Project Provides a snapshot of the typical households debt-to-income ratios
FEDERAL HOME LOAN BANK OF NEW YORKQuestions?Please e-mail us at [email protected]
101 PARK AVENUE NEW YORK, NY 10178 WWW.FHLBNY.COMAdvancing Housing and Community GrowthThe information provided by the Federal Home Loan Bank of New York (FHLBNY) in this communications is set forth for informational purposes only. The information should not be construed as an opinion, recommendation or solicitation regarding the use of any financial strategy and/or the purchase or sale of any financial instrument. All customers are advised to conduct their own independent due diligence before making any financial decisions. Please note that the past performance of any FHLBNY service or product should not be viewed as a guarantee of future results. Also, the information presented here and/or the services or products provided by the FHLBNY may change at any time without notice.FEDERAL HOME LOAN BANK OF NEW YORK