CTCAC definition
Examples of CTCAC in a sentence
Upon award of a preliminary reservation from CTCAC, Developer shall exercise diligent good faith efforts to obtain a funding commitment from a reputable equity investor.
Developer’s procurement of CTCAC and CDLAC allocations and receipt of commitments from an equity investor and construction and permanent lenders sufficient to fully finance development of the Project are conditions precedent to RHA’s obligation to lease the Property to Developer and Developer’s obligation to develop the Project.
Developer may satisfy this requirement may be satisfied by providing RHA with a copy of the Final Cost Certification Sources and Uses of Funds that Developer submits to CTCAC and prepared in accordance with generally accepted accounting principles.
Developer shall provide RHA with copies of all applications for Project financing submitted to CTCAC, CDLAC, HCD, and the Contra Costa County Housing Authority.