PAF Accelerator Fund: Fund Application (Nov, 2022)

Proposed Borrower

PAF Accelerator Fund: Fund Application
How soon are you looking to close this loan?

Within 3 months3-6 months6-12 months
Name*

First NameLast Name
Entity Type
Please check all that apply:

Entity is women or minority owned (equal to or more than 51% ownership)At least 50% of board members identify as women and/or minoritiesAt least 50% of staff leadership team identify as women and/or minorities
Number of Employees (if any):
Year Founded:
Borrower's Address*

Street Address

Street Address Line 2

CityState / Province

Postal / Zip Code
Website (if applicable)
Contact Person*

PrefixContact Person's First NameContact Person's Last Name
Contact Person's Email*
example@example.com
Contact Person's Phone Number*
Please enter a valid phone number.

Project Description

PAF Accelerator Fund: Fund Application
Please provide us with a description of the housing project you are looking to do. If you prefer, you may attach a document that includes your narrative. Please describe the project, what community benefit the project will bring, any known challenges for the project, and any other information you think is relevant to understanding the project and the loan request. Also, please confirm if you own the property and if not, how long you expect it will take to acquire.
File Upload

Please attach a PDF, DOC, ZIP, EXLS, PPT, or CSV. file of detailed information about your project and marketing information. Maximum file size limit is 10MB.
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Number of Buiildings
Number of Stories
Residential SF
Residential SF
Commercial SF
Total SF
Project Type

New ConstructionRehabilitation
Target Market

GeneralVeteranSeniorPeople with disabilities

Collateral and Guarantors

PAF Accelerator Fund: Fund Application
Please list any real estate you currently own, including year purchased. Identify properties as either personal residences or development properties.
To position for correct selection, please select the overall Entity type of the guarantor's below
Guarantor(s):
Guarantor Name:
Guarantor Entity Type:
Relationship to Borrower:

Documents for Upload

PAF Accelerator Fund: Fund Application
Required for All Applicants – Upload the Following Documents Below:
- Project Budget, including acquisition, architectural/engineering, construction and another anticipated expenses
- Operating Pro forma (Rental) / Sell-out Forecast (For-Sale Project)
- Bios or Resumes of Key Staff/Principals
- List of Real Estate Projects Completed, Planned, or Under Development
File Upload*

Please attach a PDF, DOC, ZIP, EXLS, PPT, or CSV. file of detailed information about your project and marketing information. Maximum file size limit is 10MB.
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If Applicable / If Available
- Three Years of Historical Operating Statements (If Existing Property)
- Existing Leases
- Evidence of Site Control (Deed, Contract of Sale, Option to Purchase, Lease, etc.)
- Org Chart for borrower
- Appraisal
- Environmental Survey
- Physical Needs Assessment
- Commitments, term sheets, or letters of interest for other financing for the project
- Last three years of personal tax returns for project principals (any person who will have 20% or more ownership of the project)
- Formation and governing documents (operating agreement, certificate of incorporation, by-laws, etc. as appropriate)
- Diversity and inclusion business plan*
- Community-based marketing strategy**
File Upload

Please attach a PDF, DOC, ZIP, EXLS, PPT, or CSV. file of detailed information about your project and marketing information. Maximum file size limit is 10MB.
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* Business plan outlining the sponsor’s commitment to diversity and inclusion in construction, permanent jobs, contracting, and labor workforce. This should include a description of contracting opportunities that will be made available to MBE/WBE/DBEs, a description of how the project will solicit certified MBE/WBE/DBEs to apply for contracting opportunities, and any other relevant information.

** Marketing plan demonstrating a community-based marketing strategy with local outreach and opportunity for access to affordable units in the project. This should include completed or planned meetings with at least 5 relevant community groups to solicit input on the project, as well as a plan to reach income-qualified tenants or homebuyers for the project once completed.

Representation of Accuracy

PAF Accelerator Fund: Fund Application
The undersigned applicant declares that the information submitted within this application and supporting this application is true and accurate, and no material information has been knowingly withheld.
Signature

Clear
Should be Empty:

Eligibility Confirmation

Proposed Borrower

Financing Request

Project Description

Collateral and Guarantors

Guarantor(s):

Documents for Upload

Representation of Accuracy