What happens if additional funds are needed to complete an approved project?
The applicant is responsible for ensuring that budget information submitted with their application is accurate and that it reflects the true and accurate costs of project completion. Several previous applicants have had to decline funding because of insufficient budget submittals. Applicants are STRONGLY encouraged to get professional assistance in preparing their budgets, especially for large projects and/or historic projects which may have associated cost not readily apparent to the applicant, and to complete these projects in phases, where appropriate.
Related Questions
- If a contractor discovers that additional funds will be needed to complete the property, after construction has begun, will the owner be able to request additional funds from the program?
- What happens if additional funds are needed to complete an approved project?
- What if additional funds are needed to complete subsequent building phases?
