Technical Assistance
DESCRIPTION:
- Technical assistance involves improving skills and providing assistance through direct consultation and specialized training.
- Technical assistance may focus on broad management issues, as well as specialized issues. Services provided may include legal and accounting assistance; marketing and business planning assistance; technical assistance on specific product production problems; counseling for potential home buyers; referral to sources of financing; in some instances, in-house financing mechanisms, etc.
FUNCTION:
- Technical assistance can improve management and technical capacity, and hence the probability of the project's success.
- Technical assistance may also improve the quality of available information about the borrower via improved business plans, financial statements, etc.
QUALIFICATION AND USE CRITERIA:
- Potential users of the assistance qualify by the nature of their project (i.e. nonprofit developer), size of their project (i.e. small business), location of their project (i.e. small business incubator), income of their participants (i.e. low-income homebuyer), etc.
PROGRAM STRUCTURE:
- Technical assistance providers define who is eligible for the assistance.
- Space limitations (i.e. small business incubator) or resource limitations (i.e. available consultants) may cause the service to be rationed as well.
- Services are widely used with other enhancements.
DOWNLOADABLE DOCUMENTS (PDF):
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