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How 232 loan can Save You Time, Stress, and Money.

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CONSTRUCTION CONTINGENCY. HUD needs a development contingency for new design and significant rehabilitation apps to provide funding for suitable modify orders and price overruns not coated within the initial HUD-approved development loan spending budget. On new building programs, the expected design contingency equals two% of the loan quantity which is https://lukasdmsuv.blog2news.com/39456126/5-easy-facts-about-232-loan-described

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