Capitalized Operating Subsidy Reserve. 9.1 OCCR may elect to provide a COSR using the Funds to subsidize the rents of some or all of the Regulated Units (“COSR-Assisted Units”) by approving a maximum COSR as part of the loan application.
Capitalized Operating Subsidy Reserve. Capitalized operating subsidy reserve f"COSR") shall be required for projects without rental assistance vouchers (or other rental subsidies) to subsidize operating costs for the MSHA Regulated Units. XXXX's must be funded to allow for operating cost subsidies for a minimum of 17 full years unless waived by HCD. The recommended maximum COSR limit is $193,991 per assisted unit and shall be updated as appropriate and with approval by OCCR and HCA. The actual COSR amount is subject to the project-specific underwriting.
Capitalized Operating Subsidy Reserve. The Participant may elect to provide a capitalized operating subsidy reserve (the “COSR”) funded with Program Funds to subsidize the rents of some or all of the Regulated Units (the “COSR-Assisted Units”) by approving a maximum COSR as part of the Application.
