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TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS COST CERTIFICATION PROCEDURES MANUAL Please note that the Department has updated the 2006 Cost Certification Procedures Manual (CCP) and Exhibits.

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What is tdhca cost certification procedures?

TDHCA cost certification procedures are a set of guidelines and requirements that must be followed when certifying the cost of affordable housing projects funded by the Texas Department of Housing and Community Affairs (TDHCA). These procedures ensure that the costs reported by developers are accurate, reasonable, and supported by proper documentation.

Who is required to file tdhca cost certification procedures?

Developers or project sponsors who receive TDHCA funding for affordable housing projects are required to file the cost certification procedures. This includes both nonprofit and for-profit developers.

How to fill out tdhca cost certification procedures?

Filling out TDHCA cost certification procedures involves providing detailed information about the project's costs, including construction costs, financing costs, and operating expenses. Developers must submit supporting documents such as invoices, contracts, and financial statements to substantiate the reported costs. The certification forms can be obtained from TDHCA's website and must be completed accurately and in accordance with the provided instructions.

What is the purpose of tdhca cost certification procedures?

The purpose of tdhca cost certification procedures is to ensure transparency and accountability in the use of TDHCA funds for affordable housing projects. By requiring developers to certify the costs incurred, TDHCA can verify that the funds are properly utilized and that the reported costs are reasonable and eligible for reimbursement.

What information must be reported on tdhca cost certification procedures?

Developers must report detailed information about the project's costs, including construction costs, site acquisition costs, development fees, architectural fees, financing costs, and ongoing operating expenses. Additionally, developers must provide supporting documents for each cost item, such as invoices, contracts, and financial statements, to validate the reported costs.

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