THE KIRKWOODCONSORTIUM
Put KC on a workstream
Work sample 01 · Capital formation
Capital Stack &
Funding Readiness
A sanitized feasibility model designed to answer one question: which parts of the proposed stack are merely plausible, which are supported, and what gap remains after the evidence is governed?
Governing decision
Not executable on current evidence.Model integrity passes. Financing readiness does not. The workbook carries the gap instead of inventing a source.
What the model does
Separate capital capacity from capital readiness.
Program limits, preliminary sizing, and sponsor assumptions can define a possible stack. They do not prove that a source is available to the project. This model assigns each source a readiness tier and keeps unsupported proceeds out of the evidence-supported and committed totals.
- Reconciles a complete Sources & Uses schedule
- Distinguishes planning, program, evidence, and commitment tiers
- Tests federal equity, debt, subsidy, DDF, and sponsor capital
- Preserves basis-boost and future OLIHTC gates as contingent
Capital stack tab · Linked outputs and visible gap
Scenario review
Five cases. No hidden cure.
The model shows how the result changes as specific sources or site conditions change, while keeping the governing evidence status separate from the scenario math.
Scenario review tab · Each cure is named, bounded, and still subject to evidence
Source readiness tab · Source, status, evidence, blocker, and next action
Live-deal application
Where this becomes useful to a developer.
The same control structure can be applied to an awarded or closing-stage transaction without rebuilding the sponsor's entire model.
- Reconcile award-era Sources & Uses to current commitments
- Track lender, investor, OHFA, City, and other source conditions
- Assign owners, deadlines, evidence, and financial effects
- Own assigned sponsor-side capital-stack and change control through the named milestone, with the change log and exception report serving as the execution record.
Independent, sanitized predevelopment analysis prepared by John Kirkwood Jr. This is not a financing commitment, investor offer, agency approval, or representation of a closed transaction.