Total Development Cost (TDC) definition

Total Development Cost (TDC) means the sum of all HUD-approved costs for planning (including Proposal preparation), administration, site acquisition, relocation, demolition, construction and equipment, interest and carrying charges, on-site streets and utilities, non-dwelling facilities, a contingency allowance, insurance premiums, off-site facilities, and other costs necessary to develop the Project, as shown in Exhibit F of this Addendum. HUD will evaluate the TDC in accordance with the TDC limit at 24 CFR 941.306, or any successor provision.
View Source
Total Development Cost (TDC) means a covered Facilities project’s total development cost.
View Source

Examples of Total Development Cost (TDC) in a sentence

  • New housing built through the program must achieve an Energy Star rating for new homes (30 percent above the 1995 Model Energy Code), unless the housing authority demonstrates that the higher standard cannot be achieved within Total Development Cost (TDC) limits.

  • The Grantee must achieve an Energy Star rating for new housing constructed (30 percent above the 1995 Model Energy Code), unless the housing authority demonstrates that the higher standard cannot be achieved within Total Development Cost (TDC) limits.

  • OHA is authorized to establish reasonable cost formulas for development and redevelopment activities that will replace HUD’s Total Development Cost (TDC) limits in order to reflect local marketplace conditions for quality construction in Oakland.