Capital Needs
Assessment

Capital Needs Assessments (CNA), also known as Project Capital Needs Assessments (PCNA), are comprehensive property inspection reports conducted by qualified professionals. These assessments evaluate future capital expenditures necessary to uphold the physical and functional integrity of a property over a designated period. By estimating the useful life of building components, CNAs identify property deficiencies and immediate needs, providing property owners and managers with essential data for planning future capital expenses. A well-executed CNA aids in resource allocation, effective planning, and long-term asset value preservation.

These assessments are mandatory for HUD and FHW multifamily loans, including programs such as HUD 221(d)(4), HUD 223(f), HUD 223(a)(7), and the HUD 232 loan for seniors healthcare properties. Since 2018, HUD and USDA have mandated the use of the CNA E-Tool for federally funded properties, streamlining the assessment submission process through an automated system. Moreover, agencies like New York State Homes and Community Renewal (HCR), New York City Housing Development Corporation (HDC), and NYC Housing Preservation and Development (HPD) often require CNAs for financial applications.

KOW Building Consultants is an approved provider of CNA services by the U.S. Department of Housing and Urban Development (HUD), serving clients across the five NYC boroughs and nationwide.