Build Grand Island - Grand Island Area Economic Development Corporation & Chamber of Commerce

Build Grand Island

The Build Grand Island program is available to active GIAEDC and Chamber members. Interested developers are asked to complete this Request For Proposal (RFP) form. The Build Grand Island Advisory Committee will review submitted RFPs and submit to the GIAEDC and Chamber Board of Trustees. If and when the GIAEDC and Chamber Board of Trustees approve a project, the project will be invited to complete a formal application, application fees may apply.

Questions? Email Amanda @ AMoritz@grandisland.org.

Fields marked with an * are required.

Main Contact Information *

Legal Name

Application Contact Address *

Street Address, City, State, Postal/ Zip Code

Application Contact Phone Number *

(000)000-0000

Application Contact Email *

example@example.com

Legal Structure of Applicant *

Sole Proprietorship

"C" Corporation

Limited Partnership

"S" Corporation

General Partnership

Limited Liability Company

Legal Address of Proposed Site *

Street Address, City, State, Postal/ Zip Code

Do you currently own proposed site? *

Yes

If you do not own the proposed site, describe the steps needed to obtain ownership. *

What are the current uses of the site? *

What is the current zoning of the site? *

If not zoned appropriately for the housing project, what is the timeline to zone correctly? *

Recent appraisal for rehabilitation project included. *

Yes

Not Applicable

Provide a description of the project: *

including, but not limited to the following: Number of housing units committed to building and proposed sale or rental price per unit; Lot size per unit; Visual representation of subdivision and floor plans to include square footage of proposed project.

20MB max

Project timeline/ build schedule: *

20MB max

Owner of property once project is completed: *

Provide a detailed project budget to include cost of goods, labor, land, utilities, etc. *

20MB max

Provide a projection for cash flow for the project. *

20MB max

Does the project intend to apply for other incentives offered in Grand Island? *

TIF, CRA owned land, Opportunity Zone, etc.

Yes

If so, describe the incentive and how it benefits the project. *

Describe the financial participation from outside investors or financial institutions. *

Provide a resume of developer and/or project leaders. *

Include in resume, but not limited to: length of time in development field; number of projects developed (successful & not successful)

20MB max

Is there any outstanding litigation against the developer or proposed site? *

Yes

If yes, please explain. *

Amount of loan requested: *

Total project cost: *

Number of units to be constructed: *

Describe the types of expenses to be paid for with Build Grand Island funds. *

Term/ Maturity of loan requested: *

Are you requesting funds to be disbursed in one or many installments? *

Who on developer’s staff will be responsible for oversight to ensure funds are repaid? *

What is the primary and/or secondary repayment source for the loan? *

I understand that, if selected, a 1% origination fee will apply. *

Yes

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