Equity Gap definition

Equity Gap means the amount by which projected development funds exceed projected available funds.
Equity Gap means an instance in which the population to which a Vaccine Provider is administering the COVID-19 vaccine does not meet or exceed the Equity Goal.
Equity Gap means the difference between the total sources of financing for the project and the total project costs that is to be filled with the proceeds of the credit.

Examples of Equity Gap in a sentence

Equity Gap Calculation TAX CREDIT CALCULATION - GAP METHOD Project Cost Limit (PCL) - Explain in Comments if Applicant's PCL calculation > QAP PCL.

Developer shall have obtained approval of all financing described in this Method of Financing, and the Mayor shall have approved evidence relating to the Construction Loan, Developer Equity, Gap Financing Sources, and a commitment for the Permanent Loan(s), and all documents required to be executed in connection with such financing shall have been duly executed, acknowledged and delivered.

The Authority will review the amount of Tax Credits a Project is eligible to receive using both the Qualified Basis method and Equity Gap method.

Developer shall have obtained approval of all financing described in this Amended Method of Financing, and the Mayor or designee shall have approved evidence relating to the Construction Loan, Developer Equity, Gap Financing Sources, and a commitment for the Permanent Loan(s), and all documents required to be executed in connection with such financing shall have been duly executed, acknowledged and delivered.

The Equity Gap is defined as the amount by which projected uses of funds for development of the project exceed projected sources of funds for development of the project, after the ADOH has adjusted uses and sources per the underwriting guidelines described above.