2015 LIHTC - Pro forma - Construction Interest

Post your questions here for DSHA's Development staff. Once your question is reviewed it will be posted and answered. The forum is currently off until the next QAP.

2015 LIHTC - Pro forma - Construction Interest

Postby DSHA Dev Staff » Mon Apr 20, 2015 1:39 pm

DSHA’s pro forma has an automatic calculation of projected interest during the construction term. DSHA recognizes that some lenders may require additional construction interest as a hedge against longer construction periods. However, to the extent that the construction line item was increased beyond the amount automatically calculated by DSHA’s pro forma, the construction interest remaining at the conversion date will be applied to reduce the HDF debt. If there is no HDF debt on the project, then the amount remaining in the construction line item will be used to reduce other debt. The amount of interest remaining may not be applied to other line items, except at the discretion of DSHA.
DSHA Dev Staff
 
Posts: 47
Joined: Thu Jan 20, 2011 10:35 am

Return to 2015 Qualified Allocation Plan Questions and Answers

Who is online

Users browsing this forum: No registered users and 1 guest

cron