SF Project Budget-Draw-Total Cost Sheet_Blank_122812 by liwenting

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									NSP Single-Family Home Project Budget Form                                              NSP 1
With Home Sales Proceeds Analysis                                                       NSP3
Name & Address of Partner:
                                                                                          Activity:                      (Homebuyer or Rental)
Property Address:
Rehabilitation Time Frame: //2012-//2012                                                Rehab Completion Date:
A. Development Budget - Sources and Uses Projections
                                                                                                                           Total
SOURCES OF FUNDS                                                                            NSP              Other        Sources
NSP grant or loan                                                                                 0.00            0.00         0.00
Other funding not requiring repayment (describe)                                                  0.00            0.00         0.00
Funding requiring repayment (describe) Bank Loan                                                  0.00            0.00         0.00
Funding requiring repayment (describe) -                                                          0.00                         0.00 Cash "sunk" in deal until sale
Other (describe) -                                                                                0.00            0.00         0.00
TOTAL SOURCES OF FUNDS                                                                            0.00            0.00         0.00
                                                                                                              Other
USES OF FUNDS                                                                           NSP Funded           Funding     Total Uses
Cash purchase price of property to be acquired - do not include developer-contributed
property                                                                                          0.00            0.00         0.00
Acquisition developer fee - phased payment (50%)                                                  0.00                         0.00
Acquisition: prorations, legal, title and recording costs                                         0.00            0.00         0.00
As-is and after rehab/construction appraisal fee                                                  0.00            0.00         0.00
Rehabilitation/construction contract costs                                                                                            Amend the sub-line items to
 Concrete / Masonry                                                                               0.00            0.00         0.00 align with subcontracts
  Plumbing                                                                                        0.00            0.00         0.00
  Electrical                                                                                      0.00            0.00         0.00
  Insulation                                                                                      0.00            0.00         0.00
  Carpentry and general construction                                                              0.00            0.00         0.00
  Windows and/or doors                                                                            0.00            0.00         0.00
   Roofing                                                                                        0.00            0.00         0.00
   Siding                                                                                         0.00            0.00         0.00
  Flooring                                                                                        0.00            0.00         0.00
  Painting                                                                                        0.00            0.00         0.00
  Landscaping and site work                                                                       0.00            0.00         0.00
  Paving                                                                                          0.00            0.00         0.00
  Other -describe: Appliances                                                                     0.00                         0.00
  SUBTOTAL REHAB/CONSTRUCTION                                                                     0.00            0.00         0.00
Rehab/construction contingency (Max 10%)                                                          0.00                         0.00

Rehab/construction completed-developer fee - phased payment (25%)                                 0.00                         0.00
Real estate taxes                                                                                 0.00                         0.00
Property and liability insurance during rehab period                                              0.00                         0.00   $0 if in construction contract
Development loan interest payments                                                                0.00                         0.00
Mowing during rehab period                                                                        0.00                         0.00   $0 if in construction contract
Maintenance and Utilities during rehab period + 30 days max                                       0.00                         0.00   $0 if in construction contract
Other- describe:                                                                                  0.00                         0.00   $0 if in construction contract
Other - describe: Snow removal during rehab                                                       0.00                         0.00
Resale Closing Costs                                                                              0.00            0.00         0.00
Final developer fee, paid after resale closing (25%)                                              0.00            0.00         0.00
  TOTAL USES OF FUNDS                                                                             0.00            0.00         0.00
  SURPLUS (DEFICIT) OF DEVELOPMENT FUNDS                                                          0.00            0.00         0.00

B. Home Sale Proceeds Analysis
The allowed home price must be the lowest of these two numbers below:

1. Total development cost (including utilities and maintenance during rehab ONLY)                 0.00
2. Estimated home price at market value (after rehab appraised value)                             0.00


The disposition of net proceeds of sale is projected as follows:
Projected sale price from above (gross proceeds of sale)                                              0.00               Lesser of 1 and 2 above
                                                                                            NSP              Other
(less) developer's closing costs for home sale                                                    0.00            0.00
(less) home sales commission fee (Max 6%)                                                          0.00         0.00
(less ) Other - describe                                                                           0.00         0.00
(less) Funding requiring repayment                                                                 0.00         0.00
Net proceeds of sale (no developer-contributed property)                                            0.00               NSP program income

Additional analysis if Grantee or developer contributed property that they already owned:
Net proceeds of sale (from above)                                                                               0.00
Value of Grantee or developer-contributed property to be recouped                                               0.00 Enter pre-rehab/construction value
Cost of developer 3rd party pre-development expenses to be recouped                                             0.00 attach schedule of invoices
Net proceeds of sale to be repaid to Grantee                                                                    0.00 NSP program income

Total NSP Funds                                                                                    0.00
Less net proceeds of sale to be repaid to Grantee                                                  0.00
Total ESTIMATED NSP Developer Subsidy                                                              0.00    #DIV/0!     Loss
                                                                                                           #DIV/0!     Funds Returned

C. Max Sales Price to Homebuyer
ACTUAL-Total Eligible Development Costs                                                $           -
ACTUAL MARKET VALUE (Appraised Value at the time of sale)                                          0.00
MAX Sale Price to Homebuyer (Lessor of Cost or Market Value)                                       0.00


D. Home Sale Proceeds Actual
Actual Sale Price to Homebuyer                                                                      0.00
                                                                                            NSP            Other
(less) developer's closing costs for home sale (From Final HUD-1)                                  0.00         0.00
(less) home sales commission fee (Max 6%) ( From Final HUD-1)                                      0.00         0.00
(less ) Other - describe -                                                                         0.00         0.00
(less) Funds requiring repayment                                                                                0.00
Proceeds of Sale                                                                                    0.00
Other Deductions and/or Contributions - Describe -                                          0.00
Actual Net Proceeds of Sale                                                                 0.00

E. NSP Developer Subsidy - ACTUAL
ACTUAL NSP Development Costs (Figure will continue to adjust as draws are funded)                  0.00
(less) ACTUAL -Net Proceeds of Sale                                                                0.00
ACTUAL DEVELOPER SUBSIDY                                                                           0.00    #DIV/0!     Loss
                                                                                                           #DIV/0!     Funds Returned

F. NSP Developer Fee Calculation
Total eligible costs for Developer Fee (Initial Budget)                                            0.00 Acquisition +Acquisition costs +Rehab
10% Developer Fee based on Initial Budget                                                          0.00


Total eligible costs for Developer Fee (Actual Costs)                                  $           -
10% Developer Fee based on Actual Costs                                                            0.00
Developer Fee Paid on Lessor of Initial Budget vs. Actual Costs                                    0.00
Developer Fee disbursed to date                                                                    0.00
Final Developer Fee to be disbursement                                                             0.00
Property Address:                                               TOTAL COST     CHANGE ORDER ADJUSTED BUDGET Current Draw Request       DRAW 1               DRAW 2           DRAW 3           DRAW 4           DRAW 5           DRAW 6           DRAW 7       TOTAL DRAWN   Remaining
Cash purchase price of property to be acquired - do not
include developer-contributed property                      $              -                 $            -   $              -     $            -                        $            -   $            -   $            -   $            -   $            -   $        -    $      -
Acquisition developer fee - phased payment (50%)            $              -                 $            -                        $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
Acquisition: prorations, legal, title and recording costs   $              -                 $            -   $              -     $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
As-is and after rehab/construction appraisal fee            $              -                 $            -   $              -     $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
        Rehabilitation/Construction contract costs          $              -                 $            -                        $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
   Masonry                                                  $              -   $         -   $            -   $              -     $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
   Plumbing                                                 $              -   $         -   $            -   $              -     $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
   Electrical                                               $              -   $         -   $            -   $              -     $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
   Insulation                                               $              -   $         -   $            -   $              -     $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
   Carpentry and general construction                       $              -   $         -   $            -   $              -     $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
   Windows and/or doors (if separate subcontract)           $              -   $         -   $            -                        $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
    Roofing (if separate subcontract)                       $              -   $         -   $            -                        $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
    Siding (if separate subcontract)                        $              -   $         -   $            -                        $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
   Flooring (if separate subcontract)                       $              -   $         -   $            -                        $            -       $            -                    $            -   $            -   $            -   $            -   $        -    $      -
   Painting (if separate subcontract)                       $              -                 $            -                        $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
   Landscaping and site work                                $              -   $         -   $            -   $              -     $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
   Paving                                                   $              -                 $            -                        $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
   Other -describe: Heating and Air Conditioning            $              -                 $            -                        $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
     SUBTOTAL REHAB/CONSTRUCTION                            $              -                 $            -                        $                -   $            -   $            -   $            -   $            -   $            -   $            -   $        -
Rehab/construction completed-developer fee - phased
payment (25%)                                               $              -                 $            -   $              -     $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
Rehab/construction contingency (Max 10%)                    $              -   $         -   $            -                        $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
Real estate taxes                                           $              -                 $            -   $              -     $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
Property and liability insurance during rehab period        $              -                 $            -   $              -     $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
Development loan interest payments                          $              -                 $            -   $              -     $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
Mowing during rehab period                                  $              -                 $            -   $              -     $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
Maintenance and Utilities during rehab period + 30 days
max                                                         $              -                 $            -   $              -     $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
Other - describe:                                           $              -                 $            -   $              -     $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
Other - describe: Snow removal                              $              -                 $            -   $              -     $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
Resale Closing Costs                                        $              -                 $            -   $              -     $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
Final developer fee, paid after resale closing (25%)        $              -                 $            -                        $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
                                                            $              -                 $            -                        $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
                                                                                             $            -                        $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
     TOTALS                                                 $              -   $         -   $            -   $              -
                                                                                                                                   $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
                                                                                                                                                                                                                                                              $        -

                                                                                                                                                                                                           Adjusted Remaining funds to include Actual Resale Closing        $       -
                     OVER BUDGET                                   $0.00                                                                                                                                   Costs which are paid at closing not a draw
   Draws not included in Budget
Homeownership Assistance                                    $              -                 $            -                        $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
Seller Shortfall (Additional Funds needed at Sale)          $              -                 $            -                        $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
                                                            $              -   $         -   $            -   $              -     $            -       $            -   $            -   $            -   $            -   $            -   $            -   $        -    $      -
            Neighborhood Stabilization Program
                       DRAW REQUEST
            0.00 NSP 1 (Grant #B-08-DN-16-0001)ð WIRE FROM HUD
                   NSP 3 (Grant #B-11-DN-16-0001)ð VOUCHER (Use P. Income)
Part 1 - REQUEST FOR PAYMENT:

Submit ORIGINAL request with matching invoices to:                          Name & Address of Partner:
Idaho Housing and Finance Assoc
Attention: Grant Dept/ NSP
565 W. Myrtle St. / P.O. Box 7899
Boise, ID 83707-1899 / Phone: (208) 331-4785/4708
 DATE OF REQUEST: ________________________                                  CONTACT PERSON & PHONE #:
IHFA -DRAW #:           _____________________

Part 2 - Itemization:

Activity:          Property Address:                  Request $$:           Approved $$:        Comments:                       Bal.
                                                                                                                                Available:
                                                                                                                                (see
             0.00 Property Address:                    $              -                                                         attached)




I certify that this Draw Request is in accordance with the terms and conditions of the Grant Agreement(s) and that the amount
drawn is proper for payment to the partners’ depository. I also certify that the data reported above is correct and that the amount
of the Draw Request is not in excess of current needs. (A copy of the invoice must be attached for each specific draw amount
requested)

Part 3 - Valadation: A minimum of TWO signatures are required-and the signatures must match the Original Signature Authroization on file with IHFA.


Date:              Signature:                                                                                                   Date:


Date:              Counter Signature:                                                                                           Date:
IHFA Use Only
APPROVED: X                                                                 X                                                   Date:
                                                                     Total Cost Sheet
                                                                     (Partner Name)
                                                                           Address:
                                                                  Final
                                IHFA                  Purchase   Selling                  Utilities/          Home-
                                Draw                   Closing   Closing       Rehab       Maint-            owneship Developer
Date   Name   Memo   Amount    Number   Sales Price    Costs      Costs        Costs       enance Prorations Assistance  Fee      Total
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                        0.00                    -         -          -                -       -        -         -          -         -




                                                                         12/9/2013
                                                                           7:15 PM
                                                                              5

								
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