Development subsidies definition

Development subsidies means financial assistance provided to developers of newly constructed, single-family housing to address the added costs of constructing housing. In such cases, the total cost of development is likely to exceed the sales price or the appraised fair market value of the housing. Additional costs might include labor, materials and equipment; professional design and construction oversight costs; and required third-party energy efficiency verification and certification costs.
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Development subsidies means financial assistance provided to developers of newly constructed, single-family housing to address the added costs of constructing housing. In such cases, the total cost
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Examples of Development subsidies in a sentence

  • Development subsidies from DHCD are structured as Cash Flow Loans.

  • Development subsidies may shall only be provided in addition to acquisition direct subsidies within home buyer assistance activities.

  • Development subsidies may only be used when the cost of the development exceeds the appraised value.

  • Development subsidies from DHCD are structured as subordinate Cash Flow Loans for Limited Equity Cooperatives and Rental Projects.

  • Development subsidies are the difference between the cost of producing the unit and the fair market value of the unit.

  • The household must be fully informed so that they know what to expect at the time they sell their home, including how any appreciation will be shared.¾ Exception: Development subsidies are not subject to recapture.

  • Unless otherwise justified and explained, applicants should follow the most recent HPTF rent and income limits, which currently are as follows: 2017 Housing Production Trust Fund (HPTF) Rent LimitsUnit Size 2017 Housing Production Trust Fund (HPTF) Income LimitsIncome Band Development subsidies from DHCD are structured as Cash Flow Loans.

  • The answer is expected to come through enhanced and tailor made Pillar 2 Rural Development subsidies, but the problem is that this support needs to remain decoupled from dairy production.

  • Unless otherwise justified and explained, applicants should follow the most recent Housing Production Trust Fund (HPTF) rent and income limits, which currently are as follows: Housing Production Trust Fund Rent Limits (Updated 8/4/2015)Unit Size Housing Production Trust Fund Income Limits (Updated 8/4/2015)Income Band (Updated 9/11/2015) Development subsidies are structured as Cash Flow Loans.

  • Development subsidies have an initial affordability period of at least 15 years, while rental subsidies are calculated for just one year.

Related to Development subsidies

  • Development means the division of a parcel of land into two or more parcels, the construction, reconstruction, conversion, structural alteration, relocation or enlarge- enlargement of any building or structure, any mining excavation or landfill, and any use or change in the use of any building or other structure, or land or extension of use of land, for which permission is required under the Municipal Land Use Law, N.J.S.A. 40:55D-1 et seq.

  • Pre-Licensed Therapist means an individual who has obtained a Master’s Degree in Social Work or Marriage and Family Therapy and is registered with the BBS as an Associate CSW or MFT Intern acquiring hours for licensing. An individual’s registration is subject to regulations adopted by the BBS.

  • Development Activity means any activity defined as Development which will necessitate a Floodplain Development Permit. This includes buildings, structures, and non-structural items, including (but not limited to) fill, bulkheads, piers, pools, docks, landings, ramps, and erosion control/stabilization measures.

  • Development Phase means the period before a vehicle type is type approved.