to develop an affordable housing community:
a) Identify land/location (Purchase option? Take Partner with land?)
b) Get HUD Real Estate Assessment Center (REAC) inspection
c) Get Contracts and Letters of Intent from Contractors; HUD; Financial institutions
d) Issue Notices to Proceed
a.) Work description of each contract with drawings and specifications
b.) Dates of commencement and substantial completion
c.) Construction schedule
d.) Contract sum
e.) Progress reports and progress meetings
f.) Alternates, allowances and assumptions
g.) Payments: Progress payments; Retainage; Final payment
⦁ Binding arbitration
⦁ Termination or suspension
⦁ Owners representative
⦁ Contractors representative
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