Cost Certification Page

 

Certification Review Methodology
          For LIHTC and CHFA Financing
          (Explains CHFA certification review process and relationships between the Total Development
               Budget and all Certifications, and the relationship between Certifications.)

Total Development Budget (example)
          (Final budget as determined by sponsor and underwriting. Used also to determine funding
               gap which determines Tax Credit Allocation.)


 Contractor's Schedule of Values and Exploded Trade Payment Breakdown
          
CHFA Form 2328-MR03
          (Final copy signed by all parties. Serves as the basis for: Contractor's Cost Certification;
              Draw Request; Change Orders.)

Contractor's Cost Certification Statement

Contractor's Certificate of Actual Cost
          
CHFA Form 2330A-MR07
          (Use with completed and signed CHFA Form 2328-MR03.)

Mortgagor's Long Form Certificate of Actual Cost
         CHFA Form 2330-MR05B
            (Form 2330 MR05B must be adjusted to Total Development Budget line items.)
            
Mortgagor's Cost Certification Forms Exhibits B, C, D

LIHTC Cost Certification Submission Form
          (Must be adjusted to conform to Total Development Budget line items.)

Supplemental Certificate of Actual Cost
         CHFA Form 2330SUPP-MR07B
         (Must be adjusted to conform to Mortgagor's Cost Certification line items.)

2009 Standards of Design and Construction