Net Zero Construction Loan Application Form

1. Contact Information for Applicant

Name * First Last

Title *

Email *

2. Information about the Applicant

Website *

If yes, explain *

3. Information about the Property

4. Project Costs

Architectural and Engineering Design * $ Dollars . Cents

Property Acquisition * $ Dollars . Cents

Total Construction Costs * $ Dollars . Cents

Total Soft Costs * $ Dollars . Cents

Contingency * $ Dollars . Cents

5. Funding Request

Loan Request * $ Dollars . Cents

Credit Enhancement Request * $ Dollars . Cents

Expected Project Financing:

Applicant Equity

Amount * $ Dollars . Cents

Source *

Other Loan

Amount * $ Dollars . Cents

Source *

Energy Funds

Amount * $ Dollars . Cents

Source *

Utility Rebates

Amount * $ Dollars . Cents

Source *

Other

Amount * $ Dollars . Cents

Source *

Total * $ Dollars . Cents

Appraised Value * $ Dollars . Cents

Loan to Value Percentage *

Comments about the Project Financing *

6. HERS Rating

HERS RATER

Name * First Last

HERS Score

Existing HERS Rating (Renovation) *

Projected HERS Rating (All) *

7. Marketing

A short description of how the residential building will be marketed for sale or rental after the completion of construction is needed.

Marketing Plan Description *

8. Certification, Authorization and Signature

The undersigned (the “Applicant”) hereby certifies:

That she or he has the legal authority to sign this application on behalf of the Sponsor.
That the information contained in this Application and the attached Exhibits is complete, true and correct.
That the Sponsor agrees to notify the Maryland Department of Housing and Community Development (“MDHCD”) promptly of any material changes to the Application and the attached Exhibits.
That the Sponsor has read the Application Instructions and understands that as part of the underwriting process, MDHCD may require the Sponsor to submit additional documents involving the creditworthiness of the Sponsor and the Property, the financingof the proposed project, and the energy analysis needed to support the estimates of the energy savings that will result from theproposed project, The Applicant agrees to submit these additional materials in a timely manner when requested.
That the Applicant hereby authorizes MDHCD to make all inquiries it deems necessary to verify the accuracy of the Applicationand the attached Exhibits and to determine the Applicant’s creditworthiness. The Applicant authorizes any individual, includingthe Sponsor’s attorney and accountant, or any credit reporting agency, or any other entity, to furnish MDHCD with anyinformation it possesses with respect to the Sponsor, the Property, this Application and the attached Exhibits.
In the event the funding is provided as a loan an additional fee may apply.

Upload Required documents for submission

If you are having trouble uploading the documents, please email required documents to Julia.Kalloz@maryland.gov

Organizational Documents

Certificate of Good Standing *

Articles of Incorporation *

Bylaws *

Financial Statements *

Evidence of Ownership

Deed or Purchase Contract *

Zoning Letter *

Insurance

Property/Builder's Risk *

Borrower must provide an ACORD certificate noting DHCD as a certificate holder and an endorsement, reflecting the addition of DHCD as a Mortgagee/Lender Loss Payable and providing that DHCD will receive not less than 10 days notice of cancellation.

Borrower's Liability *

Borrower must provide an ACORD certificate noting DHCD as a certificate holder and an endorsement, reflecting the addition of DHCD as an additional insured and providing that DHCD will receive not less than 10 days notice of cancellation.

Flood Insurance *

Or proof property is not in a flood hazard area. DHCD to be added as mortgage/certificate holder.

Construction Documents

Plans and Specifications *

Budget *

Draw Schedule *

Construction Schedule *

General Contractor's Liability Insurance *

Same requirements as Borrower’s liability insurance; N/A if
Borrower and Contractor are the same.

General Contractor's Certification

Building Permits *

HERS Rating *

Agreement

Name * First Last

Title *