Arizona Housing Fund

Arizona Housing Fund is sponsored by Arizona Housing Fund (managed by LISC Phoenix). The Arizona Housing Fund provides funding for permanent supportive housing projects that serve vulnerable individuals and families earning up to 30% of the Area Median Income (AMI). Funding is distributed on a first-come, first-served basis for mission-aligned projects.

Arizona Housing Fund Project Application Arizona Housing Fund Project Application Save my progress and resume later | Resume a previously saved form In order to be able to resume this form later, please enter your email and choose a password.

Password must contain the following: Arizona Housing Fund Project Application Background The Arizona Housing Fund is a dedicated and sustainable revenue source that grants funding to nonprofit agencies that build and operate Permanent Supportive, Low-Income and Working Poor Housing.

Our equity grants will enable more housing units to be constructed, meeting the growing needs of our communities in Arizona with the goal of reducing the number of people experiencing homelessness. Local Initiatives Support Corporation (LISC) Phoenix is a partner of the Arizona Housing Fund providing underwriting and other services to the fund. LISC Phoenix is collecting and processing this application.

All communication about your application will come from a LISC Phoenix program officer. Available Funding Funding is distributed on a first come, first served basis for mission-aligned projects. The Arizona Housing Fund is intended for permanent supportive housing projects that serve the most vulnerable individuals and families earning up to 30% AMI.

An eligible applicant must be a non-profit affordable housing developer, owner or operator with at least 5 years of experience managing and operating sustainable supportive housing.

Prospective applicants may pre-qualify by completing the RFQ form or by meeting the following criteria: Have received, in the previous 24 months, grant or loan funding from one of the following entities: LISC, the Arizona Community Foundation Affordable Housing Pre-Development Fund, the Housing is Healthcare Fund, Arizona Department of Housing, or an Arizona county, municipality or IDA.

Be in good standing with that grantee and/or lender and current on loan payments, if applicable. Applicants who have not pre-qualified will be asked the qualifying questions within this application. Projects that have previously received an award from the Arizona Housing Fund are not eligible to apply again.

Project applications will be reviewed as they are received and this application will remain open as long as the Fund is in existence.

In addition to completing all questions in the following form, you will be asked to upload the following back-up documentation: Comprehensive Community Development Plan, if applicable (form page 2) MOUs or similar agreements partners, if applicable (form page 5) Construction budget (form page 5) Brief construction timeline (form page 5) Sources & uses statement (form page 5) Proof of all committed financing (form page 5) Project pro forma, if applicable (form page 5) Financial Statements for the most recent year for pre-qualified developers, or three years for all others (form page 5) Please review the checklist of organizational, financial and project information documents that LISC may request later in the process.

You can navigate through the form without completing required answers. Use the links at the top or bottom of the form to save your application and return to it. Applications will not be reviewed until they are complete and submitted.

Questions Contact infophx@lisc. org with questions about this application or grant requirements. Begin Your Application Click "NEXT PAGE" to begin the application.

Page 2: Applicant Information Developers may be pre-qualified based on their experience or using the RFQ process . If you have not been pre-qualified, you will be asked to answer the RFQ questions within this application. Applicant Status Prequalified through the RFQ process Prequalified as a recent grantee or borrower Not pre-qualified Briefly share the funder, project and approval date of your recent grant or loan.

Organization type Please select... Limited Liability Company Comprehensive Community Development How does you organization approach comprehensive community development? It is a fundamental orientation for our organization.

It is a focus of our work in certain geographies . It is not a focus of our work. What method does your organization use to guide, monitor and assess your organization's comprehensive community development efforts?

A plan that describes a causal link between activities and intended long-term outcomes and defines indicators of success that our organization uses to assess progress. A vision statement that guides activities to achieve positive long-term outcomes. Other Provide your vision statement.

How many years of experience do you have developing, owning or operating permanent supportive housing? Briefly describe your permanent supportive housing development experience. How many affordable housing developments have you completed with 5 or more units?

How many total units have you built? How many total units of permanent supportive housing have you built? Project State Please select...

Project County Please select... Provide a concise overview of the project, the need it serves and how it will contribute to the supply of affordable housing in Arizona. Note: A full narrative will requested below.

Anticipated construction start date. Anticipated construction completion date. If construction has already begun, briefly explain the specific need and/or use for these grant funds.

List the project’s permanent financing sources, i.e. bank, LIHTC, grants, cash on hand, etc. Briefly describe the status of the project’s financing commitments including the anticipated closing date(s) of committed financing, notification dates of any financing that is pending, and current gaps in financing.

Briefly describe the project’s current status, including status/timeline of architectural drawings, contractor selection, etc. Is funding secured or pending from any of the following LISC affiliates? National Equity Fund (NEF) Broadstreet (formerly New Markets Support Corporation) Strategic Investments Loan Fund Management Other LISC-managed grant or loan funds None of the above Select all that apply.

This answer is for LISC record-keeping only. Site Control Status Please select... Option Term (if applicable) How was value determined?

Please select... Zoning & Environmental Assessment Zoning and entitlement status Please select... Environmental Assessment, Phase 1 status Please select...

Environmental Assessment, Phase 2 status Please select... Please describe any concerns from Phase 1 and/or Phase 2. In no more than 1,000 wor ds: Tell us about your project and the community needs it serves.

What permanent supportive services will be provided to residents? Who will provide the supportive services, if known? If services providers are not yet identified, tell us about who you have worked with to provide services at your other communities.

What need will this grant funding fulfill? Multi-Family Single Family Select all that apply.

Non-Res/Commercial Project Types Childcare and Early Education Community/Recreation Center Cultural/Arts/Creative Placemaking Healthcare/Hospital/Medical Clinic Job Training Placement/Workforce Center Non-Profit Office Space Outdoor Space School Social Service Delivery Youth Services and/or Sports Facility None of the Above Select all that apply. This answer is for LISC record-keeping only.

Industrial Office Retail (Includes Healthy Foods Retail) Small Business Renewable Energy None of the Above Select all that apply. This answer is for LISC record-keeping only. Rental Housing Unit Details Number of Units by Type of Construction Number of Units by Bedroom Size Number of Rental Units by Type of Tenant Briefly describe the targeted population.

Number of Rental Units by Level of Affordability Note: The Arizona Housing Fund is intended for permanent supportive housing projects that serve the most vulnerable individuals and families earning up to 30% AMI. Section 8 VASH Private Select all that apply. Page 5: Upload Supporting Documents Include the applicant name as the start of all file names.

Accepted files types are . pdf, . doc, .

docx, . xls, . xlsx.

Brief construction timeline Proof of all committed financing Project pro forma, if applicable Applicant Financial Information Year 1, most recent year of internally prepared financials, if audit is not available Year 2, audited financials Year 3, audited financials Click "SUBMIT" to complete your application. You will not be able to edit the application after it has been submitted. A copy will be emailed to you at address you provided.

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