Real Estate Development Policies and Procedures Manual

real Estate Development Policies and Procedures Manual August 11, 2006 2 Acknowledgement Our thanks to LISC for providing the funding for this Manual , and to Project for Pride in Living, Inc. for assembly of the information and documents. A special thank you to PPL s summer intern, Andrew White, who tabulated the text and the appendix and provided technical support for the flow charts. 3 How to use this Manual : This Manual was designed by a Midwest Development organization, with your use in mind. While there will be some regional differences, and the material was not designed for all markets, we hope that you will find the examples and information useful. For the sake of simplicity, sections of the Manual were divided by color.

will occur, but the limiting agent for all production is the availability of capital. Market rate apartments or homeownership units are not affordable to low income people; the development of these housing units requires subsidies and there is serious competition for the

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