NSP FAQ
Q

What are eligible disposition costs under NSP, and how can they be charged?

Date Published: October 2012

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A

Disposition refers to the sale, lease, or donation of real property. Disposition costs are allowable for NSP-assisted properties under Eligible Uses A, B, C, and E, and they include the following:

  • Property Maintenance Costs (including lawn services)
  • Utilities
  • Operating Expenses (only during initial lease-up under Eligible Use B)
  • Preparation of Legal Documents
  • Surveys
  • Marketing
  • Financial Services
  • Transfer of Taxes
  • Homeowners Association Fees
  • Temporary Property Management Costs (only for properties with plans for disposition in near future)
  • Disposition costs cannot be added to the total price of the property. Holding or carrying costs are considered disposition costs.

Tags: NSP Program Requirements - Eligible Costs

FAQ ID:

667