PreScreening
Is the applicant a legal business entity (not an individual)?
MWHF only supports the development of owner-occupied housing. Does your project create new owner-occupied housing with no rental units included?
Is the project located within a Qualified Census Tract (QCT) in Douglas County, Nebraska, or immediately adjacent to one?
Is your loan request for construction or substantial rehabilitation?
Spark Capital requires applicants to contribute at least 5% of the Total Project Cost ("TPC") in equity. Equity may be contributed as cash or land value. For example, if the TPC is $150,000, then 5% equity = $7,500. This means the applicant must contribute at least $7,500 in cash or land value. Will the applicant contribute at least 5% of the total project cost in equity?
Does your project meet the MWHF value caps? This means your home's construction cost or appraised value falls within the required ranges: $125,000-$375,000 for new construction, or $125,000-$300,000 for substantial rehabilitation?
Is the project free of prohibited funding sources such as LIHTC, HOME Funds, CDBG, ARPA, NAHTF, or National Housing Trust Fund dollars?
Does your project meet Spark Capital's Investment Plan? This means your project follows these requirements: the developer fee is no more than 15% of the Total Project Cost, the General Contractor overhead is no more than 10% of Construction Costs if the developer is also the GC, and you will contribute at least 5% equity (cash or land value)?
Is the applicant able to pay the $500 application fee?
Applicant
Contact Information
Applicant Addresses
Emails
Phones
Website
Applicant
Contact Information
Applicant Addresses
Emails
Phones
Website
Loan Application