Operating costs are not eligible. The occupancy requirements remain in effect for a minimum of 15 years or the term of the loan whichever is longer. Support of Area Supervisor Site Control Required Zoning Architectural and site plans Engineering Reports and evidence of adequate utilities. Sufficient Reserves Environmental issues identified and included in development cost estimates 8. Applications deemed complete will be reviewed and underwritten.
All applications are subject to availability of funds.
However, projects, which cause permanent tenant displacement, may be considered. A relocation plan and relocation budget must be submitted if permanent or temporary relocation will be necessary in order to carry out the project. Applicants who are awarded either Affordable Housing Partnership Funds or pre-development funds must agree to provide relocation assistance consistent with the Fairfax County Relocation Guidelines unless such projects are subject to the Uniform Relocation and Real Property Assistance Policies Act. To promote excellence of property management in developments funded under the program, a property management plan is one of the areas evaluated in the selection of projects. Describe the form of ownership.