Proof Hub

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.

Total development cost $15,175,010 Sanitized feasibility case
Coverage-sized debt cap $3,389,040 Linked to operating support
Baseline funding gap $4,426,565 No OLIHTC / no basis boost
Evidence-supported / committed $0 / $0 Until project-specific support exists

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.

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.

Baseline No OLIHTC / no boost $4,426,565
Contingent credit Future state credit assumed $1,626,565
Max HDL + contingent Expanded soft debt $626,565
Alternate parcel + boost Parcel eligibility changes basis $283,794
Evidence screen Project-specific support only Not executable

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.

Propose this workstream
Work-sample boundary

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.