| 0 | Mo. 2 | Mo. 3 | Mo. 4 | Mo. 6 | Mo. 8 | Mo. 10 | Mo.11 | Mo. 12 | Mo. 13 | Mo. 14 | Mo.15 | Mo.16 | |
| Site selection and financing parameters determined |
|
|
|
1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Application to local government for 1st 50% of CAP + project endorsement |
|
|
|
|
11 | 11 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Decision by local governments |
|
|
|
|
|
|
1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Application to credit enhancer
(AA/
Aa or better) |
1 | 1 | 1 | 1 |
|
|
|
1 | 1 | 1 | 1 | 1 | 1 |
| Application to State Housing for remaining bonding authority (CAP) | 11 | 111 | 11 | 11 | 11 |
|
|
|
|
11 | 11 | 11 | 11 |
| Underwriting review by State Housing and decision on balance of CAP | 11 | 11 | 11 | 1 | 11 | 1 | 1 | 1 |
|
1 | 1 | 1 | 1 |
| Deposit of initial Cost of Issuance expenses + tax and legal analysis begin | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
|
|
1 | 1 | 1 | 1 |
| Findings of Fact on project sent by State Housing to Board of Finance | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
|
1 | 1 | 1 | 1 |
| Board of Finance decision | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
|
|
1 | 1 |
| Preparation of bond documents, credit enhancement documents, tax credit documents | 11 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
|
|
1 | 1 |
| Sale of bonds to Wall Street | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
|
|
1 |
| Close of real estate, bond, tax credit and loan transactions | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
|
|