Application Process / U.S. Department of Housing ...
Application Process
Charles Y. Davis
Asset Management Officer, Office of Insured Health Care Facilities, HUD
William Tan
Director, Division of Facilities and Loans, HRSA, HHS
hospitals
Process Steps
1. Self assessment 2. Initial contact with HUD or HHS 3. Preliminary HUD assessment 4. Pre-application meeting 5. Application and feasibility study 6. Application review by HUD/HHS 7. HUD decision 8. Insurance commitment 9. Initial closing 10. Construction 11. Final closing
hospitals
APPLICATION PROCESS
APPLICATION PROCESS
Step 5: Application Development and Feasibility Study
? Consultant prepares study of market need and feasibility
? Hospital project team prepares application and Account Executive answers questions
? Hospital sends application including study to HUD/HHS
hospitals
APPLICATION PROCESS
Step 5: Application Development and Feasibility Study
? Application Submission
Items to be sent to the HUD Regional Office Submit a copy of the HUD ? 92013 application and inspection fees, Phase I environmental and a Previous Participation Certificate and HUD Form 2530 (submit electronically)
hospitals
APPLICATION PROCESS
Step 6: Application Review
? Completeness review ? Underwriting review (different for CAH) by
Account Executive and team (financial, engineering, legal, environmental) ? HUD feasibility consultant performs independent review ? Application fee: 80 basis points
... 15 with application ... 15 at loan commitment ... 50 at initial closing
hospitals
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