NSP FAQ
Q

What happens if the sales price is lower than the total development cost?

Date Published: October 2012

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A

Given current market conditions in the neighborhoods that NSP is designed to stabilize, it is common for the total development cost of a home to exceed local market value. The difference between the total development cost and the appraisal and/or sales price must be treated as a development subsidy that is not recoverable.


Tags: NSP Program Requirements - Appraisals and Property Valuation

FAQ ID:

497