N.Y. Comp. Codes R. & Regs. tit. 21 § 2162.3
Current through Register Vol. 46, No. 50, December 11, 2024
Grant funds exceeding ten percent of the Total Development Cost of the project may not be applied to administrative costs incurred by an eligible applicant or grantee, nor to any other costs which are not directly related to the construction, rehabilitation or improvement of homes. In the event that homes are to be located in a mixed-use structure, then any costs associated with the nonresidential uses are ineligible costs.
N.Y. Comp. Codes R. & Regs. Tit. 21 § 2162.3