Capital Needs assessments
Capital Needs Assessment: A Capital Needs Assessment (CNA) is a long-range planning tool. The assessment outlines the anticipated capital needs of a development and the estimated cost per year to complete this work. The typical term of a CNA is twenty (20) years. In addition to predicting the capital needs, the report may also suggest ways to increase the useful life of a component, reduce maintenance issues, reduce life cycle costs, and increase energy efficiency. A CNA may be used by the housing provider, lender, or developer for a Low Income Housing Tax Credit (LIHTC) Application, refinancing, renovation, redevelopment, or simply planning a strategy for preserving the development. CNA reports prepared for USDA Rural Development properties are submitted using the HUD eTool.