NSP FAQ
Q

Are costs incurred for a failed acquisition eligible to be paid by NSP?

Date Published: October 2012

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A

In general, costs incurred for a failed acquisition are eligible for payment with NSP funds. HUD understands that an NSP grantee may investigate the acquisition of a property and incur costs before acquiring it, but then decide that the acquisition is not feasible. Additionally, if contractors and/or developers incurred costs associated with the site (e.g.: surveys, engineer reviews, inspections, etc.), then these expenses are also eligible for payment.


Tags: NSP Program Requirements - Eligible Costs

FAQ ID:

639