Specifications include, but are not limited to: Project Goals • Currently CDA does not have an Asset Management Policies and Procedures Manual. • Manual should cover day-to-day procedures for projects under Asset Management. • Manual should incorporate all applicable federal regulations related to Asset Management for projects funded with CDBG, HOME and/or NSP funds. • Manual should incorporate inspection procedures and schedules in accordance with regulatory requirements. • Manual must develop process for calculating payments due to CDA from Net Annual Cash Flow (NACF) and for reviewing financial statements from property owners. • Manual should describe process in detail for determining requests for forgiveness of portfolio loans as well as other loan servicing functions such as subordination of deeds and releases.