Rehabilitation Costs definition

Rehabilitation Costs means the expenses incurred or to be incurred which qualify as rehabilitation expenditures under Section 42(e) of the Code.

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Rehabilitation Costs means with respect to a Project (1) the site costs, (2) the costs of complying with the construction requirements of other funding sources except those required by the Applicant, any Principal thereof or Affiliates of either, (3) contractor profit, overhead and general conditions, and (4) certain costs identified in the capital needs assessment required under Section 5.D.1. of the QAP, including (a) the cost of correcting all violations of applicable federal, state and local health, safety and building codes and correcting deferred maintenance, (b) the rehabilitation or replacement of all structures, systems, facilities and components that have reached or exceed their useful life or will reach their useful life within 5 years, (c) the cost of complying with MaineHousing’s Construction Standards, (d) the cost of complying with the most current accessibility requirements for new construction projects under applicable federal, state and local accessibility laws, regulations, standards and guidance, and (e) the remediation and disposal of any environmental or other hazards identified in environmental reports. Rehabilitation Costs do not include construction contingency, relocation costs, or other soft costs.

Rehabilitation Costs means, as stated in Code Section 42(e)(2), the amounts chargeable to capital accounts and incurred for property in connection with the rehabilitation of a building. For the purposes of the calculation in scoring Rehabilitation Projects, only rehabilitation “hard” costs will be considered, which are those costs that would be included in a construction contract. If the Project does not include the construction of new Rent Restricted Units, the cost of the construction of common space buildings will be considered Rehabilitation Costs.

Examples of Rehabilitation Costs in a sentence

• The Manager may only call funds as required to pay Rehabilitation Costs as, and when, they fall due.

• Subject to clause 3.11(g), the Manager must ensure that sufficient funds are called from the Owners in order to meet all Rehabilitation Costs of the WA Iron Ore JV.

• The Agency Loan shall be used to pay a portion of the Rehabilitation Costs (which includes the acquisition of the Leasehold) as set forth in the Method of Financing and shall be disbursed pursuant to the Disbursement Agreement commencing on the Construction Closing Date.

• As of the Closing Time, Bralorne will not have any outstanding indebtedness or any liabilities or obligations (whether accrued, absolute, contingent or otherwise, matured or unmatured, including under any guarantee of any debt) other than environmental and permitting costs, and the Reclamation and Rehabilitation Costs and the royalties as set out in Schedule 3.1.2(g) of the Disclosure Letter.

• The Parties acknowledge that the Agency Loan is intended to be “gap” assistance, not to exceed the amount needed to bridge the gap between the total Rehabilitation Costs (as set forth in the Method of Financing) and the maximum loans and tax credits and rebates obtainable, but in any event not to exceed the respective dollar amounts set forth in the Method of Financing.

More Definitions of Rehabilitation Costs

Rehabilitation Costs means, as stated in Code Section 42(e)(2), the amounts chargeable to capital accounts and incurred for property in connection with the rehabilitation of a building. For the purposes of the calculation in scoring Criterion #4, only rehabilitation “hard” costs will be considered, which are those costs that would be included in a construction contract.

Rehabilitation Costs means the costs associated with the rehabilitation of existing structures.

Rehabilitation Costs means with respect to a Project (1) the site costs, (2) the costs of complying with the construction requirements of other funding sources except those required by the Applicant, any Principal thereof or Affiliate of either, (3) contractor profit, overhead and general conditions, and

Rehabilitation Costs means the costs associated with rehabilitating the Regional Waste Disposal Facility;

Rehabilitation Costs means all costs which are actually incurred by Owner for the acquisition, development and construction of the Project as set forth in the Project Budget.

Rehabilitation Costs means the hard costs for the rehabilitation of the Development as specified in the Scope of Work.

Rehabilitation Costs means the labor and material costs related to the rehabilitation of the Property and Project as evidenced by an American Institute of Architects (AIA) payment certificate or other evidence satisfactory to Grantor.