Multifamily Rental Program Sample Predevelopment Grant AgreementPredevelopment Grant Agreement • October 25th, 2020
This component of the Multifamily Rental Toolkit is intended for an NSP grantee to adapt and issue to a developer who successfully competed under the Non-Project-Specific RFQ. The predevelopment costs that are funded under this agreement would be classified as program delivery costs until such time as the site is included in a project-specific proposal that receives an award of NSP funding from the grantee. At that time, the predevelopment costs would be re-classified as eligible project costs.
