What are the financial requirements of a Curator?
The Building Conditions Assessment is the basis for determining the approximate cost of rehabilitating a property. Cash or sweat-equity, the non-monetary investment of time and labor, is an accepted method of capital investment and credit towards rent. When submitting a proposal, a confidential statement of financial capacity is required. This should demonstrate the Proponent’s ability to carry out the project. A statement describing the expected project costs and the anticipated sources of permanent financing and working capital is also required. Costs should reflect capital investment, as well as the value of any sweat-equity and other in-kind donation of services.
