Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does the 20% rule only apply to permanent financing where NSP funds were also used for construction?

April 26, 2017Construction financing funds nsp PERMANENT rule Used

0

Posted

Does the 20% rule only apply to permanent financing where NSP funds were also used for construction?

1 Answer

0

Posted

According to the NSP RFP, yes. However, we have reviewed the provision upon hearing the concerns of potential applicants, and propose the following, subject to approval: “There is no maximum per unit funding amount during construction.