Funding application checklist-2.xlsx

	A	D	E	F
1				NSP3 Application Criteria Checklist
2				Applicant Name:
3				Project Name:
4				Address (Street/City/State):
5	THRESHOLD REQUIREMENTS - HUD NSP3 REGULATORY STANDARDS
6	Check if Included	HUD Risk Score
7		1	Demonstrates Area of Greatest Need. Required Range for Colorado: 17-20 Need Score
8			The minimum required average NSP3 Need Score (Risk Score) for Colorado is 17 of a maximum 20. Applications will be considered for projects with a lower score, provided the average score for combined project target areas is 17-20. Applicants must register and use the NSP3 Mapping Tool, located at http://www.huduser.org/NSP/NSP3.html, and submit the HUD-generated map of the project's target area with the application for funding.
9	Check if Included	HUD Impact Score Compared with Number of REOs in Area
10		2	Minimum 20th percentile of REO units addressed to impact neighborhood.
11			HUD census data for NSP3 presumes that a minimum of 20% of REO in a target area would need to be addressed to make a visible impact. Number of units produced in completion of project should be comparable to (or exceed) the number of units required to impact the neighborhood, and additional preference will be given by DOH to projects targeting higher number of units than required for impact.
12	Check if Included	Energy Efficiency
13		3	New Construction and Rehabilitation Standards
14			Projects are disqualified that do not meet the NSP3 GREEN requirements. Additional preference will be given by DOH to projects compatible with standards exceeding the requirement.
15	Check if Included	Eligible Property Types
16		4	Definitions of Eligible Properties for Use in NSP Activities
17			Abandoned: A home or residential property is abandoned if either (a) mortgage, tribal leasehold, or tax payments are at least 90 days delinquent, or (b) a code enforcement inspection has determined that the property is not habitable and the owner has taken no corrective actions within 90 days of notification of the deficiencies, or (c) the property is subject to a court-ordered receivership or nuisance abatement related to abandonment pursuant to state or local law or otherwise meets a state definition of an abandoned home or residential property. Foreclosed: A home or residential property has been foreclosed upon if any of the following conditions apply: (a) the property’s current delinquency status is at least 60 days delinquent under the Mortgage Bankers of America delinquency calculation and the owner has been notified; (b) the property owner is 90 days or more delinquent on tax payments; (c) under state, local, or tribal law, foreclosure proceedings have been initiated or completed; or (d) foreclosure proceedings have been completed and title has been transferred to an intermediary aggregator or servicer that is not an NSP grantee, contractor, subrecipient, developer, or end user.
18	DIVISION OF HOUSING CRITERIA
19	Check if Included	Non-Entitlement Area for NSP3
20		5	State focus on areas of greatest need outside of NSP3 entitlement areas.
21			Additional preference will be given by DOH to projects in areas of greatest need outside of NSP3 entitlement areas. NOTE: Projects in portions of a community that received entitlement dollars in NSP3, but are outside that community's NSP3 entitlement area will receive higher preference than those within the NSP3 entitlement area.
22	Check if Included	Project Type
23		6	Multi-Family
24			The State of Colorado anticipates funding multi-family rental projects with its NSP3 funds. Projects will be disqualified for other project types, in areas outside the Colorado Springs NSP3 entitlement area.
25	Check if Included	Population Served
26		7	Beneficiaries
27			Highest preference will be given by DOH to projects proposing to serve ONLY populations at/below 50% AMI. No preference will be given by DOH to projects proposing to serve populations at higher levels of AMI. Projects will be disqualified where no households will be served at/below 50% AMI.
28	Check if Included	Sources of Funds
29		8	Leveraged Funds
30			Highest preference will be given by DOH to projects with leveraged funds providing more than 50% of the project budget.
31	Check if Included	Division of Housing Application
32		9	Application Contents
33			Applications for NSP3 funding must include, in addition to this checklist, the standard Division of Housing funding application, the Area of Greatest Need Map generated by the NSP3 Mapping Tool, and all applicable attachments as instructed on the State of Colorado NSP Website. In addition to the above criteria, applications will be reviewed for feasibility based on the standard DOH underwriting criteria.
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