Under Budget Cost Savings

If my acquisition, rehabilitation, and/or new construction project comes in under budget, can I keep the cost savings? (§ 578.107(d)(3))

HUD has the right to deobligate (take back) funds if the actual total cost of the acquisition, rehabilitation, or new construction for a project is less than the total cost agreed to in the grant agreement.

Looking for definitions of the common CoC and ESG Program terms referenced throughout the Virtual Binders?

Virtual Binders Glossary