Acceptable Uses for Predevelopment Funds

The following activities and associated costs are eligible predevelopment expenses:

• Earnest Money Deposit
• Purchase Deposit
• Architect/Engineer Services
• Environmental Consultants
• Finance and Development Consultants
• Tax Credit Consultants
• Finance Related Fees (e.g. tax credit reservation fees; loan origination fees)
• Market Studies
• Project-related sponsor overhead
• Other similar costs 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