Examples of Rural Project in a sentence
Subsequent to the determination made pursuant to subdivision (a) of this section, determine and announce whether a portion of the Qualified Residential Rental Project Pool, expressed as a dollar amount and as a percentage (not to exceed ten percent (10%)) of the Qualified Residential Rental Project Pool shall be reserved in a Rural Project Pool to be available for allocation to Rural Projects and determine what amount, if any, shall be available in each Allocation Round.
After any such initial consideration of Small Rural Project Applications, the Board will consider Award of remaining Credits to any Applicant.
The Board may but is not required by this provision to select any Small Rural Project for an Award of Credits.
The Board may but is not required by this provision to select any Tribal or Small Rural Project for an Award.
LIMITATION ON SOFT COSTSThe Soft-Cost-to-Hard-Cost Ratio (“Soft Cost Ratio”) for the Project, based upon the Application’s UniApp, may not exceed:• 32% for projects with more than 24 units;• 37% for projects with 24 or fewer units or Small Rural Projects; or• 40% for stand-alone 4% Credit Projects.For Twinned 4%/9% Projects, the Soft Cost ratio is calculated based upon the combined costs for the 4% and 9% Projects and the applicable 32% Large Project limit or 37% Small Rural Project limit.