NAC319.999. Limitation on amount of developer’s fee for certain projects.

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The total amount of a developer’s fee for a project for which an application for tax credits is submitted or for a project that is financed by 50 percent or more of the proceeds of tax-exempt bonds, including any profit or overhead of the developer and any fees for consultants or processing agents, must not exceed 15 percent of the eligible basis of the project, excluding the developer’s fee.

(Added to NAC by Housing Div. by R103-05, eff. 10-31-2005)

                    
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