1. Project must be properly vetted and cleared through the Environmental Review process. Staff will determine the responsible party for this aspect of the project. 2. Requestor must submit the following documents for examination by City staff: a. project sources and uses, b. cost and profit reasonableness, c. market demand, d. developer experience and capacity, e. projected profit and return of the developer and f. financial commitments. Note: Other funding sources must be compatible with HOME Program. 3. Project must be self-sustaining and documentation must substantiate and support such claims. 4. Project must meet and not exceed applicable subsidy layering requirements. Current HOME subsidy limits are set at: https://www.hudexchange.info/resource/2315/home-per-unit-subsidy/ . (Note: Layering with other federal funds must be taken into consideration to ensure that all federal requirements are satisfied.) 5. Provide the appropriate number of fixed or floating HOME units, based upon project size. 6. Meet the applicable affordability period as established by project type. 7. IF LIHTC Funds are involved, the project must be compliant with HOME and LIHTC rules 8. All costs must be designated as eligible uses under the HOME Program 9. Have a written marketing plan in place 10. Identify all entities and staff involved, and outline each parties designated role in the projectv
