Is it correct that we can apply for funds for development, up to the maximum TDC for the particular unit mix of rental or homeownership replacement units, plus extraordinary site costs?
A16. Yes, per section IV.E.3.a.: “a. The “TDC Limit” (24 CFR 941.306, Notice PIH 2007-19 (HA), or extending Notice) refers to the maximum amount of HUD funding that HUD will approve for development of specific public housing and other eligible replacement housing units to be developed under a HOPE VI Revitalization grant and/or under an Annual Contributions Contract for public housing development and modernization of public housing under the Capital Fund. The TDC limit applies only to the costs of development of public housing that are paid directly with HUD public housing funds, including HOPE VI funds; a PHA may exceed the TDC limit using non-public housing funds such as CDBG, HOME, low-income housing tax credit equity, etc….” Section IV.E.3.b(5) provides the information on Extraordinary Site Costs: “(a) You may request a reasonable amount to pay extraordinary site costs, which are construction costs related to unusual pre-existing site conditions that are incurred, or anticipated to
