§ 11001. Definitions.
4 CA ADC § 11001Barclays Official California Code of Regulations
4 CCR § 11001
§ 11001. Definitions.
(f) Critical occurrence. A declaration of a federal or state emergency by the Governor of the State of California; or, a declaration by the Committee subsequent to an event or series of events occurring within a county or local area in which a Farmworker Housing Assistance Program project is located which threatens the welfare or safety of a project or the tenants of the project.
(g) Developer Fee. Amount of identified uses of project funds paid as compensation for developing a proposed project that includes all Credit consultant fees, broker fees, processing agent fees, developer overhead and profit, compensation for any construction management oversight provided by the developer, the cost of any personal guarantees, syndicator consulting fees, and reserves in excess of those customarily required by multi-family housing lenders.
(h) Economic Feasibility. Determinations of the Committee based upon evidence submitted by the applicant that financial capacity exists to complete or ensure completion of a project and to sustain, operate and maintain, or ensure the operation and maintenance of the project for the compliance period; and, that the project operating budget is adequate to operate the project for the compliance period
(i) Eligible Costs. Total finance costs, construction costs, excavation costs, installation costs and permit costs paid or incurred to construct or rehabilitate farmworker housing. Eligible costs include but are not limited to improvements to ensure compliance with laws governing access for persons with disabilities and costs related to reducing utility expenses. Non Eligible Costs include land and those costs financed by grants and below market financing provided by federal or State government.
(q) Total Project Costs. Total finance costs, construction costs, excavation costs, installation costs, land costs and permit costs paid or incurred to construct or rehabilitate farmworker housing. Eligible costs include but are not limited to improvements to ensure compliance with laws governing access for persons with disabilities and costs related to reducing utility expenses. Non Eligible Costs include any costs associated with the syndication of the Credit.
Credits
Note: Authority cited: Section 50199.56, Health and Safety Code. Reference: Sections 50199.50, 50199.55(a) and 50199.56, Health and Safety Code; and Sections 17053.14(a), (b), (f), 23608.2(f) and 23608.3(f), Revenue and Taxation Code.
History
1. New section filed 9-29-98; operative 9-29-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 40).
This database is current through 3/15/24 Register 2024, No. 11.
Cal. Admin. Code tit. 4, § 11001, 4 CA ADC § 11001
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