Company: DREM
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004861
Chunk: 96

Company: Dream Homes & Development Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 96
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 terms of the indentures governing the notes and our other existing debt.

Although
as noted above, the new homebuilding industry is very capital intensive, the elevation/renovation portion of our business should suffer
little or no effect, since the primary source of funds for this type of project is private and client based. Elevation/renovation work
is not subject to any great degree to the availability or lack thereof, of institutional capital. The Company may need to seek out loans
from banks to finance these projects. As part of their financing agreements, the banks typically require Vincent Simonelli to personally
guarantee these loans. If Mr. Simonelli cannot qualify as a guarantor and there is no one other than him in the Company to provide those
guarantees, the financing of the deals may be adversely affected. The exact amount of funding required for each particular property is
not clear at the present time but will be determined when full approvals have been obtained and the Company is prepared to take title
for each individual property.

We
are subject to extensive government regulation which could cause us to incur significant liabilities or restrict our business activities.

Changes
in regulatory requirements could cause us to incur significant liabilities and operating expenses and could restrict our business activities.
We are subject to local, state and federal statutes and rules regulating, among other things, certain developmental matters, building
and site design, and matters concerning the protection of health and the environment.

We
may incur additional operating expenses due to compliance programs or fines, penalties and remediation costs pertaining to environmental
regulations within our markets.

We
are subject to a variety of local, state, and federal statutes, ordinances, rules, and regulations concerning the protection of health
and the environment. The particular environmental laws, which apply to any given community, vary greatly according to the community site,
the site’s environmental conditions, and the present and former use of the site. Environmental laws may result in delays, may cause
expensive compliance programs and us to implement time consuming and may prohibit or severely restrict development in certain environmentally
sensitive regions or areas. From time to time, the United States Environmental Protection Agency and similar federal or state agencies
review homebuilders’ compliance with environmental laws and may levy fines and penalties for failure to strictly comply with applicable
environmental laws or impose additional requirements for future compliance as a result of past failures. Any such actions taken with
respect to us may increase our costs. Further, we expect that increasingly stringent requirements will be imposed on home