FEDERAL HOME LOAN BANK OF NEW YORK © 2014 FEDERAL HOME LOAN BANK OF NEW YORK 101 PARK AVENUE NEW YORK, NY 10178 WWW.FHLBNY.COM Overview of the Affordable.

Slides:



Advertisements
Similar presentations
Introduction to Ledgers
Advertisements

ANNEX B Mini Tutorial for Using the Department of Human Services’ (DHS) Electronic Budget Form.
Processing Your Loyalty Order Online. Table of Contents Click for direct link to your preferred topic: Process your Loyalty Rewards Order TODAY Edit your.
Banking, Borrowing & Credit More On Managing Your Income.
FEDERAL HOME LOAN BANK OF NEW YORK © 2014 FEDERAL HOME LOAN BANK OF NEW YORK 101 PARK AVENUE NEW YORK, NY Overview of the Affordable.
Controlled Online Accounting General Ledger and Adjustments.
Five Steps in 5 Minutes Close deals faster, more easily, more often! 1.Start a Quote: Input deal amounts and review the available lease options 2.Create.
Community Investment Impact System (CIIS) CIIS 3.4 Release CDE TLR Manual/Online Data Entry May 2006 Community Development Financial Institutions Fund.
FEDERAL HOME LOAN BANK OF NEW YORK © 2014 FEDERAL HOME LOAN BANK OF NEW YORK 101 PARK AVENUE NEW YORK, NY Affordable Housing Program.
Finding and Financing A Home Made Simple
FEDERAL HOME LOAN BANK OF NEW YORK © 2014 FEDERAL HOME LOAN BANK OF NEW YORK 101 PARK AVENUE NEW YORK, NY Affordable Housing Program.
BUDGETING WITH TECHNOLOGY Presented by: Joe Lykowski Midland Computer Club 4/23/2014.
Home Buying Process Financial Options. Objectives Define the Four “Cs” of the Loan Process Determine How Much You Can Afford for a House Calculate Front-End/Back-End.
Biller Direct Getting Started
Tax Credit Basics Nebraska Investment Finance Authority.
VIRTUAL BUSINESS RETAILING Lesson 5 Financing. MAIN IDEA  Many people want to own their own business  Before opening a business, there are several steps.
1 Community Investment Impact System (CIIS) CIIS 8.1 CDFI TLR Excel Upload February 2011 US Department of the Treasury Community Development Financial.
Tips for Completing RHTC Final Applications A quick reference guide for completing and submitting a Final Application.
6 th Annual Focus Users’ Conference 6 th Annual Focus Users’ Conference Accounts Receivable Presented by: Robert Myers Presented by: Robert Myers.
ETravel Authorization / Reimbursement Overview SOLAR Financials x 6685 July 8, 2014.
Works Cardholder Tutorial Initial Login, Transaction Review, & Reports.
SAISD Federal Programs Department. Stage 4 of the Organization and Development Process Link Plan to Federal, State, and Local Funding Sources 4 2.
Understand business credit and risk management. 1.
FHLBNY © 2015 FEDERAL HOME LOAN BANK OF NEW YORK 101 PARK AVENUE NEW YORK, NY Overview of the Project Construction Form (AHP/APP-109)
How to Finance Affordable Housing with Low Income Housing Tax Credits July 10, 2007.
Finding and Selecting a Home.  What Are the Steps for Buying a Home? 1.Determine if you should rent or buy 2.Determine how much you can afford to spend.
Training Presentation This presentation is meant for end users of the ZERO Plan program. The Training will include: Overview of the ZERO Plan process and.
1 Vendor RFI - Event User Guide. 2 Minimum System Requirements Internet connection - Modem, ISDN, DSL, T1. Your connection speed determines your access.
At the login page, you will enter the following: Click “Logon” Do not use dashes in User ID.
 Pat Compton – Housing Development Specialist  DEPT OF ECONOMIC DEVELOPMENT  
Online Application Instructional Guide Online Application Instructional Guide 9/9/2015 7:44 PM.
Avoiding Technical Corrections Qualified Allocation Plan Forum September 5, 2012.
Managing Layered Funding Properties Setting up and using Layered HUD and Tax Credit properties in Management Plus © 2009 Domin-8 Enterprise Solutions LLC.
1 1 Tax and Revenue Anticipation Note “LOC TRAN”.
The information contained in this document is confidential, for internal use only and may not be distributed outside the Standard Bank Group. June 2007.
J & K Associates Professional Consumer Solutions.
MSHDA’s Web Site LIHTC Information Available at
Assessing Business Ideas. Overview  Before starting a business, it is important to have a business plan Business Plan  A document that describes the.
Credit Risk. Possibility of loss from the failure of loan or debt instrument repayments. Change in the repayment capacity of borrowers or debt instruments.
Vendor’s Malt Manufacturing Return. Log in with the user id and password provided through the EDS registration process and click on the Login button.
1 PRINCIPAL INVESTIGATOR USE OF THE ST ScI ELECTRONIC GRANTS MANAGEMENT SYSTEM January, 2001.
Assistive Technology Loan Application Database Originally Developed by Maryland ATGLP and CorTech Data Design.
6.03-D Getting A Loan Students will understand the loan process related to home ownership.
FY2011 Exhibit 54 Guidelines. 2 Exhibit 54: PURPOSE Tool used for assisting agencies in completing their Space Budget Justifications Basis for Annual.
Seminar 6. Agenda Housekeeping  Mid-term check-in  Saving documents Relative vs. Absolute Cell References Fill Handle Functions  Auto SUM  AVERAGE.
BIS 155 Academic professor/tutorialrank.com For more course Tutorials
3.1 SOURCES OF FINANCE Unit 3 – Accounts & Finance.
FHA Tax Credit Equity Pay-In Requirements for All Low Income Housing Tax Credit Projects Introduction to The New Tax Credit Wheelbarrow Module Validating.
Invoices and Service Invoices Training Presentation for Raytheon Supply Chain Platform (RSCP) April 2016.
BIS 155 UOP Course Tutorial For more course tutorials visit
Objective 5.01 Credit Management 1. Topics Main types of credit Common advantages and disadvantages of businesses using credit Cost of credit Main factors.
Wyoming Community Development Authority Financing Affordable Housing in Wyoming Housing Trust Fund (HTF) Public Hearing June 9, 2016 State of Wyoming Citizen.
Research Service Center Business Plan September 2013.
The Home-Buying Process Finding and Selecting a Home.
Wyoming Community Development Authority Financing Affordable Housing in Wyoming Wyoming Community Development Authority National Housing Trust Fund (NHTF)
National Housing Trust Fund Allocation Plan Input Meeting Brittney Daise  07/13/2016.
Online Application Instructional Guide February 28, 2014
National 4/5 Business Management
HUD184 Native American Mortgage Program
FHLB Atlanta - AHP Competitive Program
U.S. Department of Housing & Urban Development
Travel Authorization -step by step-
Ohio Capital Finance Corporation
Campus ESSA Grant Packet Training
HOME Underwriting and Subsidy Layering Training
Using LIHTCs to Preserve Rural Affordable Housing
Campus ESSA Grant Packet Training
The Need for Affordable Housing
“Creating Financial Solutions to address Community Needs”
Presentation transcript:

FEDERAL HOME LOAN BANK OF NEW YORK © 2014 FEDERAL HOME LOAN BANK OF NEW YORK 101 PARK AVENUE NEW YORK, NY Overview of the Affordable Housing Program Rental Project Workbook (AHP/APP 108)

FEDERAL HOME LOAN BANK OF NEW YORK  Requires Microsoft Excel 2007, or later, in a Windows environment to be installed on the User’s machine.  Customized Microsoft Excel 2007 Workbook that replaces the former Microsoft Excel Workbooks for Rental Project submissions utilized in prior AHP rounds. Overview & System Requirements  Utilizes standard Excel functionality to ensure maximum compatibility across all prospective Users; any PC running Windows with Microsoft Excel 2007 (or later) installed should be able to complete and save an AHP Rental Project Workbook (workbook.xlsm).  The template can be downloaded directly from the FHLBNY’s public Website; once downloaded, the User can begin filling out the AHP Rental Project Workbook.

FEDERAL HOME LOAN BANK OF NEW YORK  Cells shaded in orange provide formulas to recognize possible input errors  Users should input information into cells shaded in yellow Instructions Tab  Provides an overview of each worksheet  Red triangles contain comments to assist in completing the workbook

FEDERAL HOME LOAN BANK OF NEW YORK  Provides a timeline of the projected Project lifecycle Project Schedule Tab  Additional pertinent milestones or project objectives may be added to the grid in the Other section  Appropriate dates are entered into the yellow cells

FEDERAL HOME LOAN BANK OF NEW YORK  Provides a detailed breakdown of the site(s) within the Project Site Information Tab  The top portion should be data for the location of the majority of project units  The next section should include specific data on each address

FEDERAL HOME LOAN BANK OF NEW YORK  Provides a breakdown of the Total Project Costs Development Budget Tab –Total Acquisition on Dev Budget must equal Acquisition Price on Site Info, which must be substantiated by 3 rd party documentation.  TIPS: –Total Construction Costs on Dev Budget must equal the construction cost documentation submitted –Any amounts input on the “Other” line items on the Dev Budget must be further explained on the Supplement worksheet –An explanation must be provided for all Working Capital and Project Reserve items noted on the Dev Budget  Indicate what will be paid for with AHP funds

FEDERAL HOME LOAN BANK OF NEW YORK  Provides details for any “Other” items on the Dev Budget Supplement Tab  Input the Profit, Overhead and General Requirement amount and all Commercial Construction costs

FEDERAL HOME LOAN BANK OF NEW YORK  Provides a list of the Project’s source of funds and their corresponding commitment status Source of Funds Tab  Tax Credit Projects should also include information regarding their allocation Select the Funding Source Type from the dropdown menu and then provide the name of the source and the amount of construction and permanent funding. The commitment status is only required for the permanent financing sources

FEDERAL HOME LOAN BANK OF NEW YORK  Provides information regarding the monthly debt payments required by permanent funding sources Debt Service Tab  Data must be input into the yellow shaded columns in order for the debt service amount to auto populate on the Pro Forma worksheet  TIPS: –The lender & funder fee amount must correspond to the amount input on the Dev Budget –The term length must be input in months The first 3 columns auto populate from the Source of Funds worksheet

FEDERAL HOME LOAN BANK OF NEW YORK  Provides data on the income targeting, unit counts and bedroom distribution for the Project Rent Plan Tab  Input income limits into the AMI chart – use the current years income  Next, input data points shaded in yellow for each targeted AMI for your Project  If the tenant’s rent will be subsidized, be sure to reference the number of subsidized units and the source of subsidy Dropdowns are available for Targeted AMI, Unit Type & Apartment Type

FEDERAL HOME LOAN BANK OF NEW YORK  Provides 15 year operating income and expenses for the Project 15 Year Operating Pro Forma (Residential)  Input other expenses as needed  Rents are obtained from data on the Rent Plan tab for year 1  Input a vacancy percentage and the form will auto populate  Year 1 amounts for all expenses are to be input with an annual % increase that will auto populate the remainder of the pro forma

FEDERAL HOME LOAN BANK OF NEW YORK  Not applicable to all projects Commercial & Social Services Pro Forma  Open worksheet – no standard format

FEDERAL HOME LOAN BANK OF NEW YORK  Provides a summary of the data that has been input Results  Provide a detailed explanation to any items resulting in “Explain”  Provides a measurement of your application against the feasibility guidelines

FEDERAL HOME LOAN BANK OF NEW YORK 101 PARK AVENUE NEW YORK, NY Advancing Housing and Community Growth The information provided by the Federal Home Loan Bank of New York (FHLBNY) in this communications is set forth for informational purposes only. The information should not be construed as an opinion, recommendation or solicitation regarding the use of any financial strategy and/or the purchase or sale of any financial instrument. All customers are advised to conduct their own independent due diligence before making any financial decisions. Please note that the past performance of any FHLBNY service or product should not be viewed as a guarantee of future results. Also, the information presented here and/or the services or products provided by the FHLBNY may change at any time without notice. Questions? Please us at