California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 2 - Qualified Residential Rental Projects › Article 3 - Minimum Requirements › Section 5194 - Project Sources and Uses and Project Costs

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
				  Applications shall submit an itemized breakdown of the complete sources of
				  construction financing; and
(b)
				  Applications shall include a listing of permanent sources and uses or complete
				  and submit CTCAC's Form Sources and Uses Budget or comparable documentation;
				  and
(c) All liens to be included in
				  the proposed financing should be itemized and a list of all liens to be paid
				  off at closing must be provided as Disposition of Current Outstanding Liens.
				  All non-assumed liens to be paid off at closing shall be separately listed
				  including lender/loan, amount, disposition and corresponding exception number
				  from the Title Report; and
(d) For
				  rehabilitation projects, Applicants shall submit an itemized breakdown of hard
				  construction costs labeled as Attachment 8-B.
1. New
					 section filed 7-29-2010 as an emergency; operative 7-29-2010 (Register 2010,
					 No. 31). A Certificate of Compliance must be transmitted to OAL by 1-25-2011 or
					 emergency language will be repealed by operation of law on the following
					 day.
2. New section refiled 1-6-2011 as an emergency; operative
					 1-6-2011 (Register 2011, No. 1). A Certificate of Compliance must be
					 transmitted to OAL by 4-6-2011 or emergency language will be repealed by
					 operation of law on the following day.
3. New section refiled
					 4-1-2011 as an emergency; operative 4-6-2011 (Register 2011, No. 13). A
					 Certificate of Compliance must be transmitted to OAL by 7-5-2011 or emergency
					 language will be repealed by operation of law on the following
					 day.
4. Certificate of Compliance as to 4-1-2011 order transmitted
					 to OAL 6-2-2011 and filed 7-1-2011 (Register 2011, No. 26).
5.
					 Amendment filed 12-15-2016 as an emergency pursuant to Government Code section
					 8869.94;
					 operative 12-15-2016 (Register 2016, No. 51). A Certificate of Compliance must
					 be transmitted to OAL by 6-13-2017 or emergency language will be repealed by
					 operation of law on the following day.
6. Amendment refiled
					 5-30-2017 as an emergency pursuant to Government Code section
					 8869.94;
					 operative 6-14-2017 (Register 2017, No. 22). A Certificate of Compliance must
					 be transmitted to OAL by 9-12-2017 or emergency language will be repealed by
					 operation of law on the following day.
7. Reinstatement of section
					 as it existed prior to 12-15-2016 emergency amendment by operation of
					 Government Code section
					 11346.1(f)
					 (Register 2017, No. 38).
8. Amendment filed 10-13-2017; operative
					 10-13-2017 pursuant to Government Code section
					 11343.4(b)(3)
					 (Register 2017, No. 41).
9. Change without regulatory effect
					 amending section heading and section filed 3-13-2018 pursuant to section
					 100, title 1, California Code of
					 Regulations (Register 2018, No. 11).
10. Amendment of subsections
					 (a)-(d) and repealer of subsection (e) filed 5-10-2021 as an emergency;
					 operative 5-10-2021 (Register 2021, No. 20). Emergency expiration extended 60
					 calendar days pursuant to Executive Order N-40-20 plus an additional 60
					 calendar days pursuant to Executive Order N-71-20. A Certificate of Compliance
					 must be transmitted to OAL by 3-8-2022 or emergency language will be repealed
					 by operation of law on the following day.
11. Certificate of
					 Compliance as to 5-10-2021 order, including further amendment of subsections
					 (b) and (c), transmitted to OAL 4-11-2022 and filed 5-23-2022; amendments
					 operative 5-23-2022 pursuant to Government Code section
					 11343.4(b)(3)
					 (Register 2022, No. 21).
Note: Authority cited: Section
						8869.94,
						Government Code. Reference: Sections
						8869.84(c),
						8869.85(a)
						and
						8869.85(b),
						Government Code.