NSP Single-Family Rental Toolkit

Single-Family Rental tools are intended for grantees and their partners designing and implementing programs that provide affordable rental housing through small rental projects of less than five units.

Find By Implementation Step

Program Setup

Toolkit resources categorized in the Program Setup phase are intended for use in the planning and program design phase of NSP projects. Resources include sample policies and procedures, program manuals, checklists, and sample agreements.

Sample Program Manual, Developer Agreement, and Budget Format

Sample NSP Single-Family Development and Rental Program Manual

Sample program manual to be incorporated by reference in developer agreements governing single-family development and rental programs

Date Published: December 2010

NSP Sample Agreement for Development and Rental of Single-Family Homes

Sample developer agreement and budget format to govern the implementation of a program acquiring residential properties, rehabilitating and/or building new infill homes, and renting the properties to qualified tenants

Date Published: September 2010

Soliciting and Selecting Project Partners

NSP Sample RFQ for Single-Family Rental Developers

Sample RFQ for developers for single-family acquisition, rehabilitation, and rental program

Date Published: September 2010

Acquisition of Properties

Toolkit resources categorized in the Acquisition of Properties phase are intended for use by grantees and their partners who are using NSP funds to acquire property. Resources deal with such issues as property research, URA compliance, tenant protection and relocation, environmental review and more.

General Guidance on Property Acquisition

NSP Property Acquisition Guide

Guide to complying with NSP requirements related to property acquisition

Date Published: September 2010

Sample NSP Property Acquisition File Checklist

Index of documents to be included in a paper file for a property being acquired under NSP

Date Published: September 2010

Underwriting, Financing, and Long-Term Affordability

Toolkit resources categorized in the Underwriting, Financing and Long-Term Affordability phase are intended for grantees and their partners who have acquired property and are financing their NSP project. Resources deal with such issues as applying for financing, pricing NSP homes to comply with NSP requirements, evaluating project feasibility, and more.

Interim Financing Guide

Guide to Using Interim Financing for NSP Activities

Short guide to help grantees understand and implement interim financing in their local neighborhood stabilization programs

Date Published: March 2012

Single-Family Pipeline Cash Flow Projection

NSP Sample Single-Family Pipeline Cash Flow Projection Workbook

Workbook tool for forecasting the costs of developing a pipeline of single-family homes as well as the amounts and kinds of financial resources that are needed

Date Published: December 2010

Financing Rental Projects

Sample Pro Forma and Guide - Single-Family Rental Development

Workbook to calculate the total development budget of projects being financed through conventional debt and Federal subsidies

Date Published: August 2010

Loan Closing Documents

Sample Promissory Note and Related Documents for Recapture of NSP Rental Housing Financing

Sample document set for use in preparing loan closing documents related to providing NSP construction and permanent financing

Date Published: December 2010

Rehabilitation and Construction Management

Toolkit resources categorized in the Rehabilitation and Construction Management phase are intended for use by grantees and their partners who have acquired property and financed their NSP projects, and are building or rehabilitating units. Resources deal with inspection and rehabilitation and include information on green specifications.

Green Building Techniques

NSP Green Housing Development Guide

Guide for incorporating cost-effective green building standards into single-family housing development or rehabilitation programs

Date Published: August 2010

Rehabilitation Standards and Specifications

Sample NSP Housing Rehabilitation Checklist

Customizable template for grantees, nonprofits, and inspectors to use in identifying items to include in the detailed work write-up that becomes part of the contract documents

Date Published: July 2010

Sample NSP Single-Family Housing Rehabilitation Specifications, including Green Specs

Comprehensive library of sample specifications for single-family housing rehabilitation — includes a number of green building items

Date Published: July 2010

Sample NSP Single-Family Housing Rehabilitation Standard

Customizable template to create minimum performance standards for rehabilitation programs for one- to four-unit dwellings of three stories or fewer

Date Published: July 2010

Working with Rehabilitation Contractors

NSP Sample Single-Family Rehabilitation Contract

Sample contract between a rehabilitation contractor and a grantee or developer running a program to develop/rehabilitate homeownership properties or to rehabilitate single-family rental properties

Date Published: August 2010

Property and Occupancy Management

Toolkit resources categorized in the Property and Occupancy Management phase are intended for use by grantees and their partners who are carrying out day-to-day operations of the buildings and units developed with NSP funds. Resources deal with such issues as maintenance programs, rental management, income qualification, and more.

Income Qualification Tools

Guide to Completing NSP Income Certifications

Sample procedures for calculating household income to determine eligibility for NSP housing assistance

Date Published: March 2016

Property Management for Rental Projects

NSP Sample Rental Housing Property Management Agreement

Agreement between property owner and management company for management company to operate a rent- and income-restricted rental housing property as an agent of the property owner

Date Published: September 2010

NSP Sample Scattered-Site Rental Housing Management Document Set

Document set for managing scattered-site rental housing projects -- includes management agreement, rental application form, lease, house rules, homeownership plan, home visit form, and job descriptions for staff positions

Date Published: September 2010

Tenant Application Form

NSP Sample Rental Housing Tenant Application Form

Sample rental application form for prospective tenants

Date Published: September 2010

Program Administration

Toolkit resources categorized in the Program Administration phase are intended for use by grantees and their partners who are managing the activities carried out under NSP. Resources deal with project and financial management issues, and include sample checklists and activity logs.

Tracking Project Data

NSP Property Development Activity Log

Spreadsheet for subrecipients and developers to track NSP project data for their own data management purposes and to transmit to the NSP grantee

Date Published: August 2010

NSP Site and Rehabilitation Approval Request Form

Spreadsheet for tracking crucial information on property acquisitions

Date Published: August 2010