Evaluation

Proposed projects for predevelopment loan funding must meet the following conditions:

• The proposed project must have a public purpose or provide a clear public benefit. Such benefits must be quantifiable and presented as part of the application.
• CDFA’s support is necessary to enable predevelopment activities and to help advance the proposed project to the final planning and financing stage.
• The proposed project has a reasonable chance to proceed to final planning and financing, including defined community interest/support, demonstrated organizational capacity to move the project forward, preliminary funding commitments, etc.
• The applicant has received or is seeking approval for all applicable environmental, zoning, building, planning, and sanitation laws and regulations needed for the proposed project.
• The applicant has the management and financial capacity to coordinate and oversee predevelopment activities and can benefit from technical assistance.

An outline of CDFA’s PLP application can be found in Appendix A.