DFD Application Process Coordination with PADD to determine - - PowerPoint PPT Presentation

DFD Application Process

• Coordination with PADD to determine

appropriate financing

• Thorough underwriting before decisions
• Improved lending and processing outcomes
• Applications are submitted online

1

GOVERNMENT OF THE DISTRICT OF COLUMBIA Department of Housing and Community Development Development Finance Division June 22, 2016

DFD Review

• 1. Threshold Eligibility Requirements
• 2. Underwriting Scoring
• 3. Prioritization Scoring
• 4. Recommendations to PADD

2

GOVERNMENT OF THE DISTRICT OF COLUMBIA Department of Housing and Community Development Development Finance Division

Project Selection

DFD Process

Project Selection

90 days

Underwriting

DFD Process

Project Selection Conditional Commitment

90 days

Underwriting

DFD Process

Project Selection Conditional Commitment

90 days 90-120 days

Underwriting Pre-Closing Due Diligence

DFD Process

Project Selection Conditional Commitment Loan Closing

90 days 90-120 days

Underwriting Pre-Closing Due Diligence

DFD Process

Project Selection Conditional Commitment Loan Closing

90 days 90-120 days

Underwriting Pre-Closing Due Diligence

DFD Process

9

Department of Housing and Community Development Development Finance Division

SFO Homepage