GAP Financing definition

GAP Financing means State Housing Funds up to $750,000 per project to be used to reduce the gap between ADOH approved total development costs and permanent sources of funds.

GAP Financing means debt financing to compensate for a shortfall in project funding between the

GAP Financing means State Housing Funds up to $500,000 per project to be used to reduce the gap between ADOH approved Total Development Budget on line 126 of pp 8-11 of Form 3 and permanent sources of funds (“Total Sources” under Column D of page 7 of Form 3).

Examples of GAP Financing in a sentence

• The defendant also submitted an affidavit by Larry Willis who stated that Melanie Black had confided in him that she was directly involved in Westbrooks’ murder and that in exchange for “money and dope” she had lured Westbrooks to a “pre-disclosed” location.

• If the total Project Costs are less than originally underwritten, the GAP Financing will be subject to reduction.

• Xxxxxxx has executed this GAP Financing Loan Agreement on this ____ day of _________, __________, at ______________, _____________, in the presence of the undersigned witnesses and Notary Public after due reading of the whole.

• This RFA outlines the requirements, selection process and the information necessary to submit an Application for this service.Multiple Fiscal Year 2023 GAP Financing applications for the same project (development site) are not allowed and will result in disqualification of all the applications.

• If the GAP Financing loan does not close by the end of the 12-month extension period, the preliminary commitment or firm commitment, as applicable, will be deemed void and the funds will be de-obligated.

More Definitions of GAP Financing

GAP Financing means State Housing Funds up to $500,000 per project for the 9% competitive round or up to $2,000,000 as set forth in Section 4 for tax-exempt bond Projects to be used to reduce the gap between ADOH approved Total Development Costs on Line 126 of Pages 8 - 11 of Form 3 and permanent sources of funds (“Total Sources” under Column D of Page 7 of Form 3).

GAP Financing means debt financing to compensate for a shortfall in project funding between the expected development costs of an authorized tourism project and the debt and equity capital provided by the developer of the project.

GAP Financing means State Housing Funds loaned to a Project pursuant to a Notice of Funding Availability that may be issued by ADOH form time to time, and which is used to reduce the gap between ADOH approved Total Development Costs on Line 126 of Pages 8 - 11 of Form 3 and permanent sources of funds (“Total Sources” under Column D of Page 7 of Form 3).

GAP Financing means State Housing Funds up to $500,000 per project for the 9% competitive round or up to $2,000,000 as set forth in Section 4 for tax‐exempt bond Projectsloaned to a Project pursuant to a Notice of Funding Availability that may be issued by ADOH from time to time, and which is to be used to reduce the gap between ADOH approved Total Development Costs on Line 126 of Pages 8 ‐ 11 of Form 3 and permanent sources of funds (“Total Sources” under Column D of Page 7 of Form 3).

GAP Financing means funding through one or more programs administered by ADOH that may be available to a Project to fill the Funding Gap.

GAP Financing means funding through one or more programs administered by ADOH that may be available to a project to fill an Equity Gap.

GAP Financing means a Gap Loan or grant provided by MOHCD or OCII intended to bridge the gap between the cost of developing a Project and the amount of funds the Project can leverage from all other sources.