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This document is scheduled to be published in the Federal Register on 08/26/2014 and available online at http://federalregister.gov/a/201420212, and on Days. Department OF HOUSING AND URBAN DEVELOPMENT
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Subsidy layering reviews are conducted to ensure that multiple government subsidies are not being used to finance the same project.
Property developers, owners, and managers who receive government subsidies for their projects are required to file subsidy layering reviews.
Subsidy layering reviews are typically filled out by providing detailed information about the project, its financing sources, and the amount of subsidies received.
The purpose of subsidy layering reviews is to prevent the over-subsidization of a project and ensure that the subsidies are being used effectively.
Information such as the sources of financing, the amount of subsidies received, and the impact of the subsidies on the project must be reported on subsidy layering reviews.
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