DECD: Manuals Guides and Forms

Manuals, Guides and Forms
 
Housing Development Financing Application Packages
     
DECD/CHFA Consolidated Application Forms 
 
     *Please note that both the General Information and Rental Developments
     and the Homeownership, Community Impact, and Certifications forms are
     required as part of a completed application submission:

 

Financial Reviews

 

The type and scope of financial reviews are as varied as the types of projects DECD funds, however, all applicants undergo a due diligence review.

Due diligence is the most critical stage in the application process for business assistance, economic, community and housing development activities.  Financial due diligence spans the entire transaction timeline.  It is the analysis and validation all the financial, commercial, operational and strategic assumptions being made.

Due diligence assists in uncovering crucial facts to minimize risks and assures that DECD can make knowledgeable and timely decisions based on carefully reviewed data.

Informed decision making enables DECD to promote integrity and taxpayer confidence.  Due diligence provides objective and reliable information to support the department’s decision-making.

Financial reviews and other due diligence efforts may include some or all of the following:

  • Background investigations of the company, its officers and directors and affiliated organizations
  • Review of legal and functional organization structure
  • Review of financial statements and business/development plans
  • EIA – DECD conducts economic impact analyses (EIA) utilizing various econometric models and economic multiplier systems to quantify the impact of a proposed project on a city, a region and the state and determine the economic development need of a project and its return on investment and ultimately, justify public funding.
 

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Fair Housing/Civil Rights Compliance Implementation Manual
 
 
Compliance Reviews

 

In all cases, DECD monitors statutory, regulatory and contractual compliance throughout the term of the contract.  Compliance reviews vary by program, contract and recipient.

All compliance reviews have at least two components: (1) financial; and (2) statutory and contractual deliverables.  The primary tool for financial compliance is an audit.

Statutory and contractual deliverables include but are not limited to:

  • Providing Financial Statements
  • Residency requirements for homeowners and businesses assisted
  • Creating or retaining jobs
  • Creating or rehabilitation housing units
  • Providing housing services to a tenant population

  • Building or improving infrastructure

 

   Featured links:

   Audit Types - FAQ:
 
   Audit Forms for Housing Authorities and Nonprofits and Municipalities:
        Housing Authorities
        Nonprofits and Municipalities
 
 

Manual/Guides