Arizona Pre-Development Loan Fund is sponsored by LISC Phoenix. This fund provides zero-interest loans to nonprofit housing developers for the pre-development phase of affordable housing projects. This funding is crucial for the initial stages of development where traditional financing may not be readily available.

Affordable Housing Predevelopment Loan Application Affordable Housing Predevelopment Loan 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: Predevelopment Loan Application The Arizona Community Foundation has been providing impact loans to support communities across the state for more than 15 years. We offer loans to qualifying nonprofits, schools, and municipal organizations to assist in completing essential projects that benefit our communities.

These loans help organizations fill gaps where commercial lenders fall short, often serving as the catalyst to launch projects that serve the common good. As loans are repaid, funds become available for use with other projects, creating a continual recycling of charitable capital.

Local Initiatives Support Corporation (LISC) Phoenix is a partner of the Arizona Community Foundation providing administration and underwriting services for affordable housing funds. LISC Phoenix will be collecting and processing this application. All communication about your application will come from a LISC Phoenix program officer.

Affordable Housing Predevelopment Loan Fund This fund was established in 2007 to jump-start the development of affordable housing projects throughout Arizona. Loans from this fund primarily address obstacles faced by nonprofit developers in relation to up-front predevelopment costs that are necessary to secure permanent financing. Applications may be for projects anywhere in Arizona.

First time borrowers may apply for $100,000; an additional $100,000 may be awarded conditional on receiving a LIHTC award. Returning borrowers may apply for $200,000. Loan terms are 36 months with the ability to request an extension.

Applicants must be an Arizona non-profit affordable housing developer, owner or operator. 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 loan requirements. Begin Your Application Click "NEXT PAGE" to begin the application.

Page 2: Applicant Profile Developers may be pre-qualified based on their history if they: 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 Home Matters Arizona Fund, Arizona Department of Housing, or an Arizona county, municipality or IDA, and are in good standing with that grantor and/or lender and current on loan payments, if applicable.

If you have not been pre-qualified, you will be asked to answer the RFQ questions within this application. Applicant Status Prequalified as a recent grantee or borrower Not pre-qualified Organization type Please select... Limited Liability Company Comprehensive Community Development Guiding Documents 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 affordable housing? Briefly describe your affordable housing development experience.

How many affordable housing developments have you completed with 5 or more units? How many total units have you built? Does this project include a development partner (i.e. for the ownership or construction of the project)?

Yes No Name the partners and briefly explain the roles and responsibilities of each. $100,000 for new borrowers. $200,000 for return borrowers.

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 Asssessment 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 need will this pre-development loan fulfill? Ownership and Project Type Multi-Family, Rental Single Family, Rental Multi-Family, For Sale Single Family, For Sale 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.

If this is a transitional housing program, describe the expected length of stay. Number of Rental Units by Level of Affordability 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.

List of board members with affiliations Brief construction timeline Proof of all committed financing Project pro forma, if applicable Renderings, 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. Save my progress and resume later | Resume a previously saved form