|~~~~~~~~~~~~~~~~~~~~~Planning Phase~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Planning Phase~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Planning Phase~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Planning Phase~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Planning Phase~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Planning Phase~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Planning Phase~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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~~~~~~~~~~~~~~~~~~~~~~~~~Marketing and Construction~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Marketing and Construction~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Marketing and Construction~~~~~~~~~~~~~~~~~~~~~

1. ASSESS LOCAL HOUSING MARKET

2. CREATE PRELIMINARY DEVELOPMENT CONCEPT

3. ASSEMBLE DEVELOPMENT TEAM

4. PLAN THE PROJECT

5. OBTAIN PUBLIC SUPPORT

6. FINALIZE THE PLAN

7. ASSEMBLE FINANCING

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8. CONDUCT MARKETING

9. BEGIN CONSTRUCTION

10. COMPLETE DEVELOPMENT
- Collect preliminary data and information on housing stock
- Conduct a market analysis to determine housing supply and demand
- Assess availability of local resources
- Begin building community support for project
 
- Establish goals and priorities
- Review the design principles and strategies outlined in BBN
- Consult with Potential development team members
- Evaluate potential sites
- Consider range of housing options- size, style, price
- Conduct a projects-specific financial feasibility study
- Identify potential funding sources, including predevelopment dollars
- Consider project fit with local comprehensive development plans
- Identify roles and expectations for each team member
- Seek professionals with starter home experience
- Select site
- Prepare site and building designs
- Develop preliminary budget and cost estimates
- Use strategies to reduce costs and those that add value from BBN
- Formulate a project phasing plan
- Create a financing plan
- Assess availability of necessary resources
- Seek community support for the project
- Address regulatory and zoning issues
- Solicit local financial support
- Obtain site control
- Get final regulatory and zoning approvals
- Finalize site design
- Complete construction and phasing plans
- Verify land, infrastructure, and construction costs
- Finalize home sale pricing
- Apply for public and private financing
- Secure financing commitments
- Obtain additional public funding to fill financial gaps
- Begin marketing early
- Use a variety of marketing strategies
- Identify affordable loan products and educational services to assist target buyers
- Close on the site
- Complete bidding and finalize construction costs
- Close on construction financing
- Install infrastructure
- Begin home construction
- Complete model home
- Pre-sell units
- Sell the homes to qualified buyers
- Conduct additional marketing (if necessary)
- Complete other components of the project (if applicable)

The length of the entire development process depends on a number of variables - size of the project, political climate, and length of development approval process, to name a few. The planning phase of the process may take only a few months or more than a year. The marketing and const ruction phase will require one to several building seasons depending on the number of homes that are planned in the neighborhood and the anticipated phases of development .