Form Hud-9815 - Project Analysis Worksheet - U.s. Department Of Housing And Urban Development Page 6
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7G. Analysis of Project Problems and Their Causes
Viewing the project as a whole, discuss the most serious problems facing the project, their probable causes, and the effect they have had on the project's
physical, social and financial viability. (Continue on additional sheets if necessary.)
Initial Project Analysis (Parts A thru G) Were Completed On
By
(mm/dd/yyyy)
/
/
H. Analysis of Project Needs and Abilities (Check all applicable boxes and use as basis for initial discussions with Housing Owner)
First Year Plan
Second Year Plan
1. (a)
Correct conditions and operational deficiencies Circled on
(b)
Correct conditions and operational deficiencies Checked on
Management Review Report dated
/
/
Management Review Report dated
/
/
(mm/dd/yyyy)
(mm/dd/yyyy)
2. (a)
Complete repairs Circled on Physical Inspection dated
(b)
Complete repairs Checked on Physical Inspection dated
/
/
/
/
(mm/dd/yyyy)
(mm/dd/yyyy)
3. (a)
Lump Sum Cash Needs
(b)
Lump Sum Cash Needs
$ ____________________
Tax and Ins. Escrow Deficit
$ ____________________
Tax and Ins. Escrow Deficit
____________________
Repairs
____________________
Repairs
____________________
Accounts Payable
____________________
Accounts Payable
____________________
Painting Reserve
____________________
Painting Reserve
____________________
Replacement Reserve
____________________
Replacement Reserve
____________________
Reduce P, I and MIP Delinquency
____________________
Reduce P, I and MIP Delinquency
____________________
Increase Cash on Hand
____________________
Increase Cash on Hand
____________________
Other (Specify) ____________________
____________________
Other (Specify) ____________________
$ ____________________
Total Needed
$ ____________________
Total Needed
4. (a)
Increase Net Operating Income thru
(b)
Increase Net Operating Income thru
Decrease in Vacancy
Decrease in Turnover
Decrease in Vacancy
Decrease in Turnover
Reduction in Expenses
Improved Collections
Reduction in Expenses
Improved Collections
(especially Budget Lines ____________________)
(especially Budget Lines ____________________)
Increase Rent Potential to $ ____________________ per
Increase Rent Potential to $ ____________________ per
month effective
/
/
month effective
/
/
(mm/dd/yyyy)
(mm/dd/yyyy)
5. Long Term Projections. Determine if project will be able to
First Year
Second Year
Third Year
pay mortgage in full on present or modified terms.
/
thru
/
/
thru
/
/
thru
/
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thru
/
/
thru
/
(a) Net Operating Income Available for Debt Service
(Budget Line B6 - A42)
$
$
$
$
$
(b) Less P, I, MIP to be Required
$
$
$
$
$
(c) Amount Available for Application to Delinquency
(or additional deficit incurred)
$
$
$
$
$
(d) Given the _______ % Interest rate of this mortgage, the next operating income on line 5(a) of the 3rd year can amortize a mortgage balance of
$ ____________________ by the remaining term of the mortgage or a balance of $ ____________________ by the remaining term plus 10 years.
Page 6 of 7
form HUD-9815 (11/2002)
ref Handbook 4350.1
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