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Beyond Phase I Requirements for Affordable Housing Developments

因此,您需要完成一期环境现场评估(ESA),以获得您的经济实惠的住房发展,实质性康复或税收申请?大多数人都知道,I ESA的标准范围包括审查随时可用的历史和监管信息,网站侦察,访谈,也可能包括对其他业务风险项目的审查。这似乎是直截了当的,但还需要什么?为经济适用房项目申请融资可能会更复杂。积极规划和了解与融资的资金相关的环境考虑,可以帮助减轻风险并增加项目的成功。

Wetlands, cultural and historical resources, noise? These are things that can derail or delay your financing if not identified early in the process. What about floodplains, explosive and flammable substances, endangered species? If the Site is developed you may have to address radon, asbestos, lead-based paint, and mold/moisture issues. Identifying your financing structure, the parties involved, and knowing their environmental requirements are some of the keys to identifying and scoping the appropriate environmental assessment activities.

The United States Department of Housing and Urban Development (HUD) will require a number of additional assessment items above and beyond the standard scope Phase I ESA. The various state housing agencies, such as the Texas Department of Housing and Community Affairs (TDHCA), the Georgia Department of Community Affairs (GADCA), and the Arizona Department of Housing (ADOH) all have similar requirements. To a lesser extent both Freddie Mac and Fannie Mae have requirements that go beyond the scope of a standard Phase I ESA.

Assessment of these additional items will add time and cost to the due diligence process. However, knowing the requirements upfront and adding an experienced consultant to your team that has the resources to assess these items will streamline this process by providing both time and cost savings.

A team including Environmental Professionals; Natural Resource Specialists; Licensed Asbestos, Lead and Radon Inspectors; and others will be invaluable. Furthermore, on a new development project, a team carrying geotechnical engineering capabilities can provide further savings.

了解融资从ents upfront will help borrowers complete the appropriate environmental assessment activities to minimize delays and lower the hurdles for your project. Adding a team with the expertise and resources to effectively address these items will further the potential for successful project outcomes.

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