What improvements have been made to shorten the financial and technical screening process prior to inviting projects to due diligence?
DOE has streamlined the in-take process over the past few months and continues to work to improve the time required to process a loan.As an example, DOE broke down the application process into parts so that applicants know whether they are invited to the next round sooner than in the past. If a project meets DOE’s eligibility criteria, the applicant will be invited to submit a Part II application, which will be reviewed in 30-45 days. If an applicant meets all of the Part II requirements, an applicant is invited to due diligence.Applications that are not sufficiently complete may result in extended delays, which is why DOE encourages applicants to submit strong applications.
Related Questions
- What was the process followed to identify the regional projects that would make up the RTA capital improvements?
- What types of projects are eligible for statewide and local financial and technical assistance programs?
- What is the process to apply for financial or technical assistance with an appraisal investigation?
