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.
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Total Development Cost (TDC) means a covered Facilities project’s total development cost.
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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.

Related to Total Development Cost (TDC)

  • Total Development Cost means the total of all costs incurred in the completion of a Development, all of which shall be subject to the review and approval by the Credit Underwriter and the Corporation pursuant to this rule chapter, and as further described in Rule 67-48.0075, F.A.C.

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • Total resource cost test or "TRC test" means a standard that is met if, for an investment in energy efficiency or demand-response measures, the benefit-cost ratio is greater than one. The benefit-cost ratio is the ratio of the net present value of the total benefits of the program to the net present value of the total costs as calculated over the lifetime of the measures. A total resource cost test compares the sum of avoided electric utility costs, representing the benefits that accrue to the system and the participant in the delivery of those efficiency measures, as well as other quantifiable societal benefits, including avoided natural gas utility costs, to the sum of all incremental costs of end-use measures that are implemented due to the program (including both utility and participant contributions), plus costs to administer, deliver, and evaluate each demand-side program, to quantify the net savings obtained by substituting the demand-side program for supply resources. In calculating avoided costs of power and energy that an electric utility would otherwise have had to acquire, reasonable estimates shall be included of financial costs likely to be imposed by future regulations and legislation on emissions of greenhouse gases.