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Capital Needs Assessments

A Capital Needs Assessment (CNA) is a property condition assessment that includes the identification of significant deferred maintenance, existing deficiencies, and material building code violations that affect the property’s use and its structural or mechanical integrity. The CNA must examine and analyze the following building components:

  • Site, including topography, drainage, pavement, curbing, sidewalks, parking, landscaping, amenities, water, storm drainage, gas and electric utilities and lines
  • Structural systems, including substructure, superstructure, exterior walls, balconies, exterior doors and windows and roofing systems
  • Interiors, including unit and common area finishes (carpeting, vinyl tile, interior walls, paint), unit kitchen finishes and appliances, unit bathroom finishes and fixtures, and common area lobbies and corridors
  • Mechanical systems, including plumbing and domestic hot water, HVAC, elevators, electrical, and fire protection.

 Additionally, the CNA must provide the following:

  • A building life cycle study to economically justify either rehabilitation or demolition.
  • A comparative analysis to determine cost feasibility of either a rehabilitation or demolition option.
  • Health and life safety deficiencies requiring immediate attention.
  • Repairs, replacements, and significant deferred maintenance items that need to be addressed within 2 years.
  • Repairs and replacements beyond the first 2 years that are required to maintain the physical integrity of the property over the next twenty years.