Acceptable Uses for Interim Development Funds

The following activities and associated costs are eligible interim development expenses:

• Bridge Financing
• Bond Underwriting
• Bond Counsel
• Environmental Consultants
• Legal Fees Associated with Permanent Financing
• Rehabilitation
• Portion of Permanent Financing Within Loan Term
• Other similar items approved by the NHTCDF Board of Directors

The National Housing Trust Community Development Fund reserves the absolute right to determine the eligibility and reasonableness of any specific fee or expense.