Funder workspace Pinal Health Legacy FundSwitch to Sonoran Community FoundationSame deal and evidence, the other funder's policy.

Reviewer

Review and attest

seeded Seeded sample draft: hand-written, not an AI run. Quotes located in evidence: 12 of 13. Whether a quote supports its claim is the reviewer's judgment.

Claims in this draft: 15. Citing a quote: 13, of which 12 located in the evidence. Questions for the sponsor with no citation: 2.

This seeded sample draft contains one claim that the evidence contradicts. It was written that way on purpose, as an exercise for the reviewer to catch.

You are reviewing the stored draft against evidence version 1, under policy version 3. Attesting records your decisions for exactly these versions. Simulated reviewer. Identity not authenticated.

Technical detail

Policy pv_ws_pinal_3, evidence ev_riverbend_1, draft dr_riverbend_1. The attestation also stores your reviewed claims, the evaluation computed from this policy and evidence at the moment you attest, and the engine version.

Read each claim against the passage it cites. Tick the box when the passage supports the claim as worded, or move the claim to open items. Changing a claim's wording clears your tick, so you decide again. When every claim has a decision, attest.

Your progress is kept in this browser until you attest.12 of 15 claims still need a decision.

Borrower

Claim 1 of 15s1c1needs a decision

As drafted

Riverbend Community Land Trust is an Arizona nonprofit recognized under section 501(c)(3), incorporated in 2014.

Wording to attest (edit it if the passage says something different)

Cited passage: Borrower profile: Riverbend Community Land Trust, Organization Open in the evidence record

Riverbend Community Land Trust was incorporated in Arizona in 2014 and holds a determination letter under section 501(c)(3). Its mission is permanently affordable housing in Pima County. It is governed by a nine-member board, one third of whom are residents of trust homes.

The draft's quotation was found in this passage. Whether the passage supports the claim is your judgment.

I read the passage: it supports this claim as wordedassert in the memomove to open items

Claim 2 of 15s1c2needs a decision

As drafted

The trust stewards 118 homes, including 42 rental homes, and reports 97 percent average rental occupancy over three years.

Wording to attest (edit it if the passage says something different)

Cited passage: Borrower profile: Riverbend Community Land Trust, Portfolio Open in the evidence record

The trust stewards 118 homes: 76 owner-occupied homes on ground leases and 42 rental homes acquired between 2018 and 2024. Average rental occupancy over the last three years was 97 percent. These 42 existing rental homes are separate from the 42 homes the Riverbend project would acquire; with the project the trust would hold 84 rental homes.

The draft's quotation was found in this passage. Whether the passage supports the claim is your judgment.

I read the passage: it supports this claim as wordedassert in the memomove to open items

Claim 3 of 15s1c3needs a decision

As drafted

The trust reports no loan losses in nine years and no missed scheduled payments.

Wording to attest (edit it if the passage says something different)

Cited passage: Borrower profile: Riverbend Community Land Trust, Loss history Open in the evidence record

The trust has borrowed from two community development lenders since 2016. It has never missed a scheduled payment and has recorded no loan losses in nine years of operation.

The draft's quotation was found in this passage. Whether the passage supports the claim is your judgment.

I read the passage: it supports this claim as wordedassert in the memomove to open items

Instrument and security

Claim 4 of 15s2c1needs a decision

As drafted

The request is a $750,000 senior secured note at 3.0% fixed for 5 years, with principal due at maturity.

Wording to attest (edit it if the passage says something different)

Cited passage: Term sheet, Riverbend Housing Note (draft 2), Amount, rate, and term Open in the evidence record

Principal amount: $750,000. Interest: 3.0% per annum, fixed, payable quarterly. Term: 5 years from closing, with principal due at maturity and optional prepayment without penalty after year 2.

The draft's quotation was found in this passage. Whether the passage supports the claim is your judgment.

I read the passage: it supports this claim as wordedassert in the memomove to open items

Claim 5 of 15s2c2needs a decision

As drafted

The note is secured by a first lien on the 42 homes and an assignment of rents, with a 1.20x debt service coverage covenant.

Wording to attest (edit it if the passage says something different)

Cited passage: Term sheet, Riverbend Housing Note (draft 2), Security and repayment Open in the evidence record

Security: a first lien on the 42 rental homes acquired with the proceeds and an assignment of rents. Repayment source: net operating income from the rental portfolio, with a debt service coverage covenant of not less than 1.20x tested annually.

The draft's quotation was found in this passage. Whether the passage supports the claim is your judgment.

I read the passage: it supports this claim as wordedassert in the memomove to open items

Claim 6 of 15s2c3Planted review exercise: the passage this claim cites says something different.

As drafted

Prepayment is permitted without penalty at any time.

Wording to attest (edit it if the passage says something different)

Cited passage: Term sheet, Riverbend Housing Note (draft 2), Amount, rate, and term Open in the evidence record

Principal amount: $750,000. Interest: 3.0% per annum, fixed, payable quarterly. Term: 5 years from closing, with principal due at maturity and optional prepayment without penalty after year 2.

The draft quotes “prepayment without penalty at any time”, which was not found in this passage. The claim can only go to open items.

I read the passage: it supports this claim as wordedassert in the memomove to open items

Financial condition

Claim 7 of 15s3c1needs a decision

As drafted

Fiscal year 2025 revenue was $4.1 million against $3.6 million of expenses.

Wording to attest (edit it if the passage says something different)

Cited passage: Audited financial statements, fiscal year 2025 (summary), Revenue and expenses Open in the evidence record

Total revenue for fiscal year 2025 was $4.1 million, of which $0.7 million was rental income, $2.8 million was contributions and grants, and $0.6 million was ground lease and program fees. Total expenses were $3.6 million.

The draft's quotation was found in this passage. Whether the passage supports the claim is your judgment.

I read the passage: it supports this claim as wordedassert in the memomove to open items

Claim 8 of 15s3c2needs a decision

As drafted

Debt service coverage on the rental portfolio was 1.32x in fiscal year 2025.

Wording to attest (edit it if the passage says something different)

Cited passage: Audited financial statements, fiscal year 2025 (summary), Debt and coverage Open in the evidence record

Outstanding debt at year end was $5.2 million across two lenders. Debt service coverage for the rental portfolio was 1.32x for fiscal year 2025 and 1.28x for fiscal year 2024.

The draft's quotation was found in this passage. Whether the passage supports the claim is your judgment.

I read the passage: it supports this claim as wordedassert in the memomove to open items

Claim 9 of 15s3c3needs a decision

As drafted

The independent auditor issued an unmodified opinion and reported no material weaknesses.

Wording to attest (edit it if the passage says something different)

Cited passage: Audited financial statements, fiscal year 2025 (summary), Auditor's opinion Open in the evidence record

The independent auditor issued an unmodified opinion on the fiscal year 2025 financial statements. No material weaknesses in internal control were reported.

The draft's quotation was found in this passage. Whether the passage supports the claim is your judgment.

I read the passage: it supports this claim as wordedassert in the memomove to open items

Project and impact

Claim 10 of 15s4c1needs a decision

As drafted

All 42 homes will be rented to households at or below 60 percent of area median income under a 30-year affordability covenant.

Wording to attest (edit it if the passage says something different)

Cited passage: Project description: Riverbend rental homes, Units and affordability Open in the evidence record

The project acquires and rehabilitates 42 single-family and duplex rental homes, in addition to the 42 rental homes the trust already holds. All 42 homes will be rented to households at or below 60 percent of area median income under a 30-year affordability covenant.

The draft's quotation was found in this passage. Whether the passage supports the claim is your judgment.

I read the passage: it supports this claim as wordedassert in the memomove to open items

Claim 11 of 15s4c2needs a decision

As drafted

The homes are in Tucson and South Tucson, Pima County, Arizona.

Wording to attest (edit it if the passage says something different)

Cited passage: Project description: Riverbend rental homes, Location Open in the evidence record

The homes are located in Tucson and South Tucson, Pima County, Arizona, within three school attendance zones where median rents rose 31 percent between 2021 and 2025.

The draft's quotation was found in this passage. Whether the passage supports the claim is your judgment.

I read the passage: it supports this claim as wordedassert in the memomove to open items

Claim 12 of 15s4c3needs a decision

As drafted

The first 20 homes are under contract for closing within 90 days of funding.

Wording to attest (edit it if the passage says something different)

Cited passage: Project description: Riverbend rental homes, Timeline and budget Open in the evidence record

Acquisition of the first 20 homes is under contract for closing within 90 days of funding; the remaining 22 are expected within 18 months. The total project budget is $1,400,000: $1,008,000 for acquisition (an average of $24,000 per home, a below-market price agreed with a single seller on condition that the homes stay affordable), $357,000 for rehabilitation (an average of $8,500 per home), and $35,000 for closing costs and reserves.

The draft's quotation was found in this passage. Whether the passage supports the claim is your judgment.

I read the passage: it supports this claim as wordedassert in the memomove to open items

Capital stack and open items

Claim 13 of 15s5c1needs a decision

As drafted

The trust contributes $400,000 of equity from its reserves.

Wording to attest (edit it if the passage says something different)

Cited passage: Sponsor cover letter, Request Open in the evidence record

We request a $750,000 senior note from the foundation's catalytic sleeve to acquire and rehabilitate 42 rental homes. The total project budget is $1,400,000. The note would fund $750,000 of it, alongside a $400,000 equity contribution from the trust's reserves and the $250,000 subordinate loan for rehabilitation that we are seeking (see Other capital).

The draft's quotation was found in this passage. Whether the passage supports the claim is your judgment.

I read the passage: it supports this claim as wordedassert in the memomove to open items

Claim 14 of 15s5c2

As drafted

No lender decline is in the evidence; the two bank conversations are described as continuing.

Wording to attest (edit it if the passage says something different)

Question for the sponsor: Has any lender declined this request? Provide the decline letter or the bank's written response.

Cited passage

No citation. The draft raises this as a question for the sponsor, so it goes to open items.

I read the passage: it supports this claim as wordedassert in the memomove to open items

Claim 15 of 15s5c3

As drafted

No co-investor commitment is in the evidence; the housing fund conversation is uncommitted.

Wording to attest (edit it if the passage says something different)

Question for the sponsor: Is any co-investor commitment in writing? Provide the commitment letter or term sheet.

Cited passage

No citation. The draft raises this as a question for the sponsor, so it goes to open items.

I read the passage: it supports this claim as wordedassert in the memomove to open items

A shortcut, for when you have read every claim against its passage. It ticks support for each claim whose quotation was found and whose wording you have not changed. The record will say support was marked in bulk.

Technical detail

Stored on the attestation as support_method = bulk; ticking claims one by one stores per_claim. The shortcut is never applied automatically. When you attest, the server checks every claim again and refuses any asserted claim without a located quotation and your support tick, and any claim without a decision.

Attest

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ReviewerSimulated reviewer. Identity not authenticated.12 of 15 claims still need a decision.