Sheet 1: Instructions



Sheet 2: Page 1

	
	
	
	
	
	

		


		


		


		


		


		


		


		


		


	
	

		
DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT
		


	
	

		


		


		


		


		


		


		


		


		


	
	

		
PROJECT FINANCING PLAN & BUDGET
		


	
	

		


		


		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		


		


		


		
PROJECT FINANCING PLAN AND BUDGET
		


		


		


		


		


	
	

		
Initial Submission:     
		


		


		


		


		


		


		


		


	
	

		
Revision #:                 
		


		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		

		Name of entity which DECD will be contracting with.
		Applicant:
		


		


		


		


		
                        For Internal Use Only
		


		


		


	
	

		
Project Name: 
		
		

		 Name of program funded under

		Program Title:      
		


		


		


	
	

		

 
		
		

		Number given by the Client Connection System

		Project #: 
		
		


	
	

		

		This number is your Federal Employee ID number and may begin with 06
		Federal  ID #: 
		
		

 
		
		


	
	

		
Budget Period  
		
		
Budget Period Approved by DECD
		


		


		


	
	

		

		The initial start date of project expenditures.
		Start                                         
		


		


		


		


		
Start
		


		


		


	
	

		

		The end date 
of project expenditures.
		End  
		
		


		

 
		
		


		
End
		


		


		


	
	

		
THE FOLLOWING APPLIES TO HOUSING PROJECTS ONLY:
		


		


		


		


		


		


		


		


	
	

		
Units Counted By:    (    )   Beds     (    )  Bedrooms
		


		


		


		


		


		


		


		


	
	

		
Total Units: 
		
Assisted Units:
		


		


		
Unit Mix:  0BR        1BR           2BR         3BR         4BR _____
		


		


		


		


	
	

		

 
		
		


		


		

 
		
		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		


		


		


		
NON-DECD FUNDS
		
DECD FUNDS
		


		


	
	

		
SOURCES OF FUNDING
		


		


		
CASH
		
IN-KIND
		
GRANT
		
LOAN
		
TOTAL
		


	
	

		

		Company investment, Owner investment, stockholders investment
		Private Investment
		


		


		


		


		


		


		
 $-   
		


	
	

		
Bank Financing
		


		


		


		


		


		


		
 $-   
		


	
	

		
CT. Development Authority
		


		


		


		


		


		


		
 $-   
		


	
	

		
CT. Innovations, Inc.
		


		


		


		


		


		


		
 $-   
		


	
	

		
CHFA
		


		


		


		


		


		


		
 $-   
		


	
	

		

		Name of program project is funded under
		DECD Program #1
		


		


		


		


		


		


		
 $-   
		


	
	

		

		If the project involves a loan and grant this line item will be used to separate the two funding types or programs

		DECD Program #2 
		
		


		


		


		


		
 $-   
		


	
	

		
Other _______________________ 
		
		


		


		


		


		
 $-   
		


	
	

		


		


		


		


		


		


		


		
 $-   
		


	
	

		

 
		
		


		


		


		


		


		
 $-   
		


	
	

		


		


		


		


		


		


		


		
 $-   
		


	
	

		
     TOTAL SOURCES 
		
		


		
 $-   
		
 $-   
		
 $-   
		
 $-   
		
 $-   
		


	
	

		


		


		


		


		


		


		


		


		


	
	

		
Approval of the Project Financing Plan and Budget for State Assistance in the amount shown in the 
		


		


		


		


		


		


		


		


	
	

		
above summary and for the time period indicated is hereby requested.  It is understood that the project 
		


		


		


		


		


		


		


		


	
	

		
will be operated in accordance with the Project Financing Plan and Budget approved by the Connecticut 
		


		


		


		


		


		


		


		


	
	

		
Department of Economic and Community Development.
		


		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		
Date Submitted:
		


		


		
Applicant:
		


		


		


		


		


	
	

		

 
		
		

 
		
		


	
	

		
Authorized Signature: 
		


		


		


		
Title:
		


		


		


		


	
	

		

 
		
		

 
		
		


	
	

		


		


		


		


		


		


		


		


		


	
	

		


		


		


		
FOR INTERNAL USE ONLY
		


		


		


		


		


	
	

		
The Project Financing Plan and Budget is hereby approved in the amounts and for the time period indicated.
		


		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		
Date:
		


		


		
Signed:
		


		


		


		


		


	
	

		

 
		
		

 
		
		
	

		


		


		


		


		


		


		


		


		


	
	

		


		


		


		


		


		


		


		


		


	
	

		
Date:
		


		


		
Signed:
		


		


		


		


		


	
	

		

 
		
		

 
		
		

 
 
 




Sheet 3: Page 2

	
	
	
	

		


		
Submission Date:                                
		
		


		

		Insert what revision number is applicable to this budget.
		Revision #:
		


	
	

		


		
Applicant Name:   
		


		


		


		


	
	

		


		
Project Name:                                                             
		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		


		


		


		


	
	

		


		


		
DECD
		
DECD
		
OTHER 
		


	
	

		
Acct.
		


		
PROGRAM
		
PROGRAM
		
FUNDS:
		
TOTAL
	
	

		
Code
		
PROJECT INCOME DETAIL
		
#1
		
#2
		


		
FUNDS
	
	

		
1310.1
		

		All proceeds received from the sale of land or buildings.
		SALE OF LAND OR BLDGS
		


		


		


		
 $-   
	
	

		
1310.2
		

		All rentals received from tenants or others occupying dwellings on acquired sites.
		RENTAL OF LAND OR BLDGS
		


		


		


		
 $-   
	
	

		
1310.3
		

		All income received from the sale of salvage or equipment no longer needed for program use.
		SALE OF SALVAGE OR EQUIP.
		


		


		


		
 $-   
	
	

		
1310.4
		

		All income earned on checking, savings and investment accounts.  Not to include interest earned on Reich & Tang bank account.
		INVESTMENT INTEREST
		


		


		


		
 $-   
	
	

		
1310.5
		

		This account shall be credited with the income from all residential dwelling units in the Project, which are occupied during development of the Project, but prior to completion of the Project, shall be deposited and credited to this account.  Costs chargeable to this account shall include costs associated with the maintenance and operation of said occupied untis which are incurred as a result of the occupance of said units, excluding real estate taxes, insurance and any other itmes provided for the Project Financing Plan and Budget.  Note:  To be used in the MRD and Affordable Housing Programs.

		SITE NET INCOME
		


		


		


		
 $-   
	
	

		
1310.6
		

		All income for which no specific account has been established.
		OTHER PROJECT INCOME
		


		


		


		
 $-   
	
	

		


		
TOTAL PROJECT INCOME
		
 $-   
		
 $-   
		
 $-   
		
 $-   
	
	

		


		


		


		


		


		


	
	

		


		


		
DECD
		
DECD
		
OTHER 
		


	
	

		
Acct.
		


		
PROGRAM
		
PROGRAM
		
FUNDS:
		
TOTAL
	
	

		
Code
		
USES SUMMARY
		
#1
		
#2
		


		
FUNDS
	
	

		
1405
		
LAND
		


		


		


		
 $-   
	
	

		
1410
		
OTHER DEVELOP EXPENSES
		


		


		


		
 $-   
	
	

		
1415
		
ADMINISTRATION
		


		


		


		
 $-   
	
	

		
1420
		
CARRYING CHARGES
		


		


		


		
 $-   
	
	

		
1425
		
ARCHITECTURAL & ENGINEERING
		


		


		


		
 $-   
	
	

		
1430
		
CONSTRUCTION
		


		


		


		
 $-   
	
	

		
1435
		
OTHER WORKING CAPITAL
		


		


		


		
 $-   
	
	

		
1440
		
CAPITAL COSTS
		


		


		


		
 $-   
	
	

		
1445
		
RESEARCH & DEVELOPMENT
		


		


		


		
 $-   
	
	

		
1450
		
FURNISHINGS/EQUIPMENT
		


		


		


		
 $-   
	
	

		
1455
		
CONTINGENCY
		


		


		


		
 $-   
	
	

		


		
TOTAL PROJECT COSTS
		
 $-   
		
 $-   
		
 $-   
		
 $-   
	
	

		


		


		


		


		


		


	
	

		


		


		
DECD
		
DECD
		
OTHER 
		


	
	

		


		


		
PROGRAM
		
PROGRAM
		
FUNDS:
		
TOTAL
	
	

		


		
   USES
		
#1
		
#2
		


		
FUNDS
	
	

		
1405
		
LAND
		


		


		


		


	
	

		
1405.1
		

		1.  If local agency purchases property, the purchase price paid shall be charged to this account.

2.  If local agency donates property, the assessed value at the time of donation shall be charged to this account.

3.  If individual donates property, then the value should be either the value to the donor, or the assessed value.

4.  For certain programs, if the property is donated, the value should be appraised value at time of transfer.

		LAND COST/SITE ACQ
		


		


		


		
 $-   
	
	

		
1405.2
		

		Only those fees for appraisals which have been made on land designated as suitable by the DECD.
		APPRAISAL FEES
		


		


		


		
 $-   
	
	

		
1405.3
		

		Improvements to existing site such as buildings, landscaping, walks etc.
		SITE IMPROVEMENTS
		


		


		


		
 $-   
	
	

		
1405.4
		

		All costs of water and other utility hookups, such as water line installation, used during development, purchased either by private or municipal water plants.

		WATER/UTILITY HOOKUPS
		


		


		


		
 $-   
	
	

		


		


		


		


		


		
 $-   
	
	

		


		


		


		


		


		
 $-   
	
	

		


		


		


		


		


		
 $-   
	
	

		


		
TOTAL LAND
		
 $-   
		
 $-   
		
 $-   
		
 $-   
	
	

		


		


		


		


		


		


	
	

		
1410
		
OTHER DEVELOPMENT EXPENSES
		


		


		


		


	
	

		
1410.1
		

		The cost of the resident training and the costs associated with training new employees.  It will include the cost of consultants, and any associated expenses directly incurred by the Agency.

		TRAINING
		


		


		


		
 $-   
	
	

		
1410.2
		

		This account shall be charged with the developer's fee paid.  Charges to this account are restricted by State Regulations and limited to the amounts approved in the Project Financing Plan and Budget.  Payment restrictions apply and your state project manager must be consulted before any payment of this fee is made.

		DEVELOPER'S FEE
		


		


		


		
 $-   
	
	

		
1410.3
		

		This account shall be charged with relocation payments to individuals, families or businesses in connection with the program.  Note:  The source of definition for allowable relocation expenses can be obtained from the Uniform Relocation Act or CDBG Program, depending on the type of program involved. (Specific relocation requirements should be directed to the appropriate program staff)

		RELOCATION
		


		


		


		
 $-   
	
	

		
1410.4
		

		This account shall be charged with loans disbursed to qualified borrowers, which are to be repaid to the Agency, and redisbursed by the Agency.  These funds may only be used for the purposes specified in the Project Financing Plan and Budget.

		REVOLVING LOAN FUND
		


		


		


		
 $-   
	
	

		


		


		


		


		


		
 $-   
	
	

		


		


		


		


		


		
 $-   
	
	

		


		
TOTAL OTHER DEVELOP EXPENSE
		
 $-   
		
 $-   
		
 $-   
		
 $-