GAP Financing definition
GAP Financing means debt financing to compensate for a shortfall in project funding between the
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 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).
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 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.
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 loaned used to reduce the gap between ADOH approved Total Development Costs on Line 126