1. Successful efforts need coordinated and cooperative stakeholders
Always work closely with RD to help fast track advice, approvals and solutions
RD has a team that can help you succeed
Upfront and open communications helps manage expectations
Expect to schedule meetings with all parties
Issues will rise throughout the process
Establish a positive effective working relationship
Big Deals need big time team work
Coordinate developer, financial and RD resources (loan/servicing and technical)
Focus on critical times – application, underwriting, obligation, closing, and construction
Rural Housing Preservation Associates, LLC - contact Larry Anderson at

2. Key players of a development effort:
Developer
Seller or Seller Representative (GP and or LP)
Buyer (NP, LP)
Construction Lender
Permanent Lender
LIHTC Agency
Syndicator (Equity buyer)
Credit Enhancer
Bond Issuer
Builder
Manager
Lawyers
Accountant
Property Manager

3. More key players of a development effort:
CNA provider
Appraiser
Environmental Expert
Energy Efficiency Advisor
Energy Generation Expert
Social Service Provider
Architect
Underwriter
Bond Advisor
Local Jurisdiction Representative

4. Every transaction has multiple stakeholders - using blended financing increases the need for a good team:
Does the developer have the capacity to apply for multiple funding sources
Does the property manager have the capacity to operate a property using multiple funding sources
Knowing the availability of multiple funding sources in Texas
Being able to secure multiple funding sources
Determining when multiple funding sources are feasible
Assembling enough units to spread out costs
Having the financial resources to conduct due diligence and hold resources before closing
Hiring for internal capacity
Contracting for the capacity