What are the rules to determine if a Project qualifies?
• The Lender financing must be equal to or greater than the debenture • The net debenture may not exceed 40% of the project’s total cost • The borrower’s injection must be at least 10% of the total project cost, and may be more, as required by statute or for credit reasons • No more than 50% of the project costs can come either directly or indirectly from Federal sources Top
