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Section 3.1- Real Estate Development Flow Gant Chart

Section 3.1- Real Estate Development Flow Gant Chart - Meet...

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REAL ESTATE DEVELOPMENT FLOW CHART Modified by Housing Development Center Phase Concept Phase Development Workload by Phase 15% Feasibility 10% Predevelopment Phase 25% Construction 45% Lease Up 5% Site Control Concep t Site Control Site Evaluation: Env, Mkt Anal, Zoning Assemble Develop- ment Team Acquire Site Design: Architect Role Massing Studies, Zoning Research Schematic Design Design Development Construction Documents Construction Bids Construction Administration Project Management: Project Schedule, Team Meetings, Milestones, Application Review, Negotiations, Budget Management, etc. Preliminary Proformas Development Coordination Preliminary Cost Estimates Operating Cost Estimates Refine Proformas Finalize Proformas Select GC Owner's Rep for Design, Value Due Diligence & Engineering, Closing Contract Negotiations - Owner's Rep for Construction - Assist Owner to Oversee Interest Costs
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Unformatted text preview: - Meet LIHTC basis- Reconcile draws with funders Oversee Credit Delivery, Requirements for Conversion Determine Potential Funding Sources Funding Obtain Predev Funding Mtgs w/ Funders Apply for Funding Secure Prelim Funding Approvals Lender Due Diligence and Underwriting Lender Commitments Construction Loan Draw Administration Convert to Permanent Financing Lender/Funder Role Appraisal Loan Docs & Closing Lender/City Inspections Final Inspection Certificate of Occupancy General Contractor Role Assist with Design Obtain Permits Construction Bids Construction Construction Complete Property Management Role Operating Costs, Resident Services Plan, Leaseup Schedule Finalize Management Contract Develop Marketing Plan Pre Marketing Lease Up...
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