Housing Development Costs definition
Housing Development Costs means the total of all direct and indirect costs incurred in financing, creating, purchasing or rehabilitating a LIHTC Project except the costs attributable to the acquisition of the land and any existing buildings as determined by MaineHousing.
Housing Development Costs means the total of all direct and indirect costs incurred in financing, creating, purchasing or rehabilitating Qualified Low-income Housing Projects except the costs attributable to the acquisition of the land and any existing buildings.
Housing Development Costs means the sum total of all costs incurred in the development of a
More Definitions of Housing Development Costs
Housing Development Costs means the sum total of all costs incurred in the development of a residential land or housing development or project which are approved by the Authority as reasonable and necessary.
Housing Development Costs means the sum total of all costs incurred in the development of a 826 housing development, which are approved by the HDA as reasonable and necessary, which costs shall 827 include, but are not necessarily limited to: fair value of land owned by the sponsor, or cost of land 828 acquisition and any buildings thereon, including payments for options, deposits, or contracts to purchase 829 properties on the proposed housing site or payments for the purchase of such properties; cost of site 830 preparation, demolition and development; architecture, engineering, legal, accounting, HDA, and other 831 fees paid or payable in connection with the planning, execution and financing of the housing 832 development; cost of necessary studies, surveys, plans and permits; insurance, interest; financing, tax and 833 assessment costs and other operating and carrying costs during construction; cost of construction, 834 rehabilitation, reconstruction, fixtures, furnishings, equipment, machinery and apparatus related to the 835 real property; cost of land improvements, including without limitation, landscaping and off-site 836 improvements, whether or not such costs have been paid in cash or in a form other than cash; necessary 837 expenses in connection with initial occupancy of the housing development; a reasonable profit and risk 838 fee in addition to job overhead to the general contractor and, if applicable, a limited profit housing 839 sponsor; an allowance established by HDA for working capital and contingency reserves, and reserves 840 for any anticipated operating deficits during the first two years of occupancy; in the case of an 841 economically mixed project within a revitalization area designated in or pursuant to § 36-55.30:2, the 842 costs of any nonhousing buildings that are financed in conjunction with such project and that are 843 incidental to such project or are determined by such governing body to be necessary or appropriate for 844 the revitalization of such area or for the industrial, commercial or other economic development of such 845 area; the cost of such other items, including tenant relocation, if such tenant relocation costs are not 846 otherwise being provided for, as HDA shall determine to be reasonable and necessary for the 847 development of the housing development, less any and all net rents and other net revenues received 848 from the operation of the real and personal property on the development site during construction.
Housing Development Costs means the sum total of all costs incurred in a housing development approved by the board as reasonable and necessary, including but not limited to:
Housing Development Costs means the sum total of all costs incurred in the development of a housing development, which are approved by DSHA as reasonable and necessary, which costs shall include, but are not necessarily limited to:
Housing Development Costs means the sum total of all costs incurred in a housing development
Housing Development Costs means the sum total of all costs incurred in a housing development adjacent neighborhood determined by the authority to be reasonable and necessary, including but not limited to, all of the following:
Housing Development Costs means the sum total of all costs incurred in the development of a housing development, which are approved by DSHA as reasonable and necessary, which costs shall include, but are not necessarily limited to: (i) cost of and acquisition and any building thereon, including payments for options, deposits, or contracts to purchase properties on the proposed housing site or payments for the purchase of such properties; (ii) cost of site preparation, demolition and development; (iii) architectural, engineering, legal, accounting, DSHA and other fees paid or payable in connection with the planning, execution, and financing of the housing development; (iv) cost of necessary studies, surveys, plans and permits; (v) insurance, interest, financing, tax and assessment costs and other operating and carrying costs during construction; (vi) cost of construction, rehabilitation, reconstruction, fixtures, furnishings, equipment, machinery and apparatus related to the real property; (vii) cost of land improvements including, without limitation, landscaping and offsite improvements, whether or not such costs have been paid in cash or in a form other than cash; (viii) necessary expenses in connection with initial occupancy of the housing development; (ix) a reasonable profit and risk fee, in addition to job overhead to the general contractor and, if applicable, a limited profit housing sponsor; (x) an allowance established by DSHA for working capital and contingency reserves, and reserves for any anticipated operating deficits during the first 2 years of occupancy; (xi) the cost of such other items, including tenant relocation, as DSHA shall determine to be reasonable and necessary for the development of the housing development, less any and all net rents and other net revenues received from the operation of the real and personal property on the development site during construction.