Common use of ELIGIBLE AND NON-ELIGIBLE COSTS Clause in Contracts

ELIGIBLE AND NON-ELIGIBLE COSTS. Transitional Funding will only be used to cover operational costs only. Eligible Transitional Funding costs will include, but may not be limited to, the following eligible costs:  Maintenance costs;  Utility costs;  Insurance;  Special client needs; and  Legal and professional fees. This list is not exhaustive and other eligible costs may be funded, at CMHC’s sole discretion. Transitional Funding will be made payable to Housing Providers for activities and costs identified under this Agreement and in accordance with the Reference Guide. Transitional Funding does not include the following costs:  Expenses related to “hard” Project development activities, such as site preparation, lot servicing, construction, renovation, etc.;  Retainer fees paid to consultants or any other professionals for work to be completed in the future; and  Project marketing/promotion/fundraising expenses.

Appears in 2 contracts

Samples: Federal Community Housing Initiative Phase Ii Agreement, Federal Community Housing Initiative Phase Ii Agreement

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ELIGIBLE AND NON-ELIGIBLE COSTS. Transitional Funding will only be used to cover operational costs only. Eligible Transitional Funding costs will include, but may not be limited to, the following eligible costs: Maintenance costs; Utility costs; Insurance; Special client needs; and Legal and professional fees. This list is not exhaustive and other eligible costs may be funded, at CMHC’s sole discretion. Transitional Funding will be made payable to Housing Providers for activities and costs identified under this Agreement and in accordance with the Reference Guide. Transitional Funding does not include the following costs: Expenses related to “hard” Project development activities, such as site preparation, lot servicing, construction, renovation, etc.; Retainer fees paid to consultants or any other professionals for work to be completed in the future; and Project marketing/promotion/fundraising expenses.

Appears in 2 contracts

Samples: Federal Community Housing Initiative Phase Ii Agreement, Federal Community Housing Initiative Phase Ii Agreement

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