US Department of Housing and Urban Development Logo Community Planning & Development Logo OneCPD ListServ
HUD Issues Guidance on NSP Operating Deficit Reserves, Overhead Expenses, and Combined Loan to Value Ratios
HUD has issued guidance on the following topics:
  • Using NSP funds to establish reserves for operating deficits for rental housing developments by requesting an Exception from the HUD Field Office;
  • Allowing subrecipients, consortium members and public non-profits to charge a “reasonable fee” of 3% to cover overhead expenses; and
  • Permitting Combined Loan to Value (CLTV) ratios over 100% in combination with a conventional first mortgage.
View the guidance here.

For more information about OneCPD, visit
forward to a friend update subscription
This email was sent to <<Email Address>> by
Update Profile/Email Address | Instant removal with SafeUnsubscribeTM | Privacy Policy
U.S. Department of Housing and Urban Development I 451 7th Street S.W. I Washington I D.C. I 20410