NSP FAQ
Q

What kinds of taxes are considered eligible costs in NSP?

Date Published: October 2012

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A

Property taxes are considered an eligible cost during construction and should be included as part of the total development cost, as long as the taxing agency is not the NSP grantee or subrecipient.  

Homeowners association fees are also considered an eligible cost during construction and should be included as part of the total development cost.    

During long-term management, taxes and insurance are generally eligible as operating costs (rental projects) or disposition costs (land banks).


Tags: NSP Program Requirements - Eligible Costs

FAQ ID:

642