Reasonable cost.

Reasonable cost. An amount to rehabilitate or modernize an existing structure that is not greater than 90 percent of the TDC for a new development of the same structure type, number, and size of units in the same market area. Reasonable costs are also determined with consideration of HUD regulations including 2 CFR part 200.

Source

24 CFR § 905.108


Scoping language

The following definitions apply to this part:

Is this correct? or