Get the free Notice-CPD-98-02-Allocating-Costs-HOME-Assisted-Multi-Unit-Projects

U.S. Department of Housing and Urban Development Community Planning and Development Special Attention of: All All All Notice: CPD 98-2 Secretary's Representatives State/Area Coordinators Issued: March

How to fill out notice-cpd-98-02-allocating-costs-home-assisted-multi-unit-projects

How to fill out notice-cpd-98-02-allocating-costs-home-assisted-multi-unit-projects:

1. Make sure you have all the necessary information regarding the home-assisted multi-unit project for which you are allocating costs.
2. Begin by entering the relevant project details, such as the name, address, and project number.
3. Next, specify the type of project, whether it is a new construction, rehabilitation, or acquisition and rehabilitation.
4. Provide the start and end dates of the project.
5. Indicate the total development cost, including both hard and soft costs.
6. Break down the various funding sources for the project, including federal, state, local, and private funding.
7. Specify the applicable development programs, such as Low-Income Housing Tax Credits, HOME Investment Partnerships Program, or Community Development Block Grants.
8. Allocate the costs based on the eligible and ineligible components of the project, as outlined by the program requirements.
9. Calculate the total eligible costs for each funding source and indicate the corresponding percent allocations.
10. Include any additional notes or explanations regarding the cost allocation, if necessary.
11. Double-check all the entered information for accuracy before submitting the form.

Who needs notice-cpd-98-02-allocating-costs-home-assisted-multi-unit-projects:

1. Developers and project managers involved in home-assisted multi-unit projects funded by federal, state, or local programs.
2. Organizations or agencies responsible for allocating costs and ensuring compliance with program guidelines.
3. Government officials and auditors involved in reviewing and monitoring the cost allocation of home-assisted multi-unit projects.
4. Stakeholders and investors interested in understanding the financial aspects of the project and its funding sources.
5. Contractors and vendors involved in providing goods and services for the project, as they may need to understand the cost allocation process.
6. Non-profit organizations and community development corporations engaged in affordable housing initiatives.

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