The cost of the structure itself. Therefore, the sponsor should check the Internal Revenue code for eligible costs. Ineligible cost may be funded with the sponsor's equity contribution. Estimated cost of obtaining all applicable permits and clearances from local, state and federal environmental authorities. A warranty or maintenance bond may be used when using HMFA permanent financing only.
Developers are eligible for state sales tax exemption when using HMFA construction financing.
Sales tax must be included when using HMFA permanent financing only. Cost of obtaining all required building permits. Any other costs associated with construction. Scattered site single-family or duplex housing Projects of 25 units or less Housing for Special Needs Populations Professional fees NOT included in the developer's fee are the fees for the architect engineer, lawyer, accountant, surveyor, appraiser, professional planner, historical consultant, and environmental consultant. All other consultant fees shall be included in the developer fee.