Multifamily Development Feasibility Worksheet
Welcome to the WHEDA Multifamily Development Feasibility Worksheet. Its purpose is to help you evaluate whether a development you are proposing might be feasible using WHEDA financing.
This worksheet is only a tool to help you evaluate your proposals strengths and weaknesses. It is designed to identify which areas need to be addressed to make your development stronger and improve the likelihood of a WHEDA loan being approved.
The worksheet walks you through a cash flow analysis of a multifamily apartment building based on:
- a number of assumptions you provide, and
- terms that WHEDA typically uses when underwriting multifamily developments.
Using these assumptions, the worksheet will estimate how much debt financing your development may be able to afford, and how much equity or other funding you would have to contribute. Whatever results you obtain, the worksheet does not guarantee success or failure of the development.
If you are an experienced developer, you may want to go directly to the Summary to evaluate your development. If you are new to the multifamily development process, you will want to follow the worksheet step-by-step.
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