Predevelopment Loan Services The Housing Fund, in conjunction with the Mayor's Office of Affordable Housing and Metropolitan Development and Housing Agency, has established a Predevelopment Loan Fund to assist Nonprofit Housing Developers with predevelopment expenses for affordable housing projects in Davidson County. Program Guidelines: Borrower must be a nonprofit organization Loan amount up to $35,000 for eligible expenses (see below) Financial projections must support the likelihood that the  project will be funded For-Sale Housing must be affordable to households earning at or below 100% of MFI Rental Housing must be affordable to households earning at or below 80% of MFI Term up to 24 months Repayment at construction loan closing 0% interest, 1% loan fee collected at closing Draws paid from invoices for services Eligible Predevelopment Costs:  Stage One  Cost for site control options Engineering /Geo-technical Studies Phase I Environmental Study Survey Architectural Services Appraisal / Market Study THDA Tax Credit Application Fees Approved portion of third party Consultant Fee Approved Attorney Fees / Title Search Fees Stage Two Cost Estimates, Project Audits, A & E Cost Review Phase II Environmental Study Land Division Costs Utility Fees Affirmative Marketing and Fair Housing Information Lender Application Fees Proposals Should Include:    (Completed application) A project description, number of units, property address, estimated rents or sales prices, estimated timeline Status of site control Project proforma and proposed financing plan Breakdown of loan request Financial information on borrower (tax returns, financial statements) 501(c)(3) Summary of Development Team Experience For further information contact The Housing Fund at (615) 780-7000.