When does a contractor get compensated?

After a project has been reviewed by the program administrator and approved by the property owner and mortgage holder (if any), participating capital providers are offered the opportunity to finance the project. The capital provider (selected by the owner) will review the project documentation (provided by the program administrator and the property owner), prepare a financing agreement, and schedule a closing. Funds to initiate construction will be disbursed as provided in the financing agreement funds disbursement schedule.