~~(b) Income-producing project fees:~~

(1) The Initial Project Application fee is .5% of the Total Estimated QRE project costs up to $125,000, plus 0.075% of the QRE cost over $125,000

(2) The Completed Project Application fee is 1% of the Final QRE project costs plus

0.15% of the QRE cost over $125,000 of the Final QRE project costs minus the Initial Project Application fee already paid.

(3) The total fee, i.e., the combined Initial Project Application fee and Completed Project Application fee, is capped at $6,000.

§4859 Express Terms

rev. 04/12/24

• (c) Qualified Residence project fees:

(1) The Initial Project Application fee is calculated at .5% of the Total Estimated QRE project costs up to $125,000.

(2) The Completed Project Application fee is 1% of the Final QRE project costs up to

$125,000 minus the Initial Project Application fee already paid.

(3) The total fee, i.e., the combined Initial Project Application fee and Completed Project Application fee, is capped at $1,250.

(d) The OHP will calculate fees based on the rates listed above and will issue fee requests to an applicant after an application has been received. No payment should be made until requested by the OHP.

(e) A certification decision will not be issued on an application until the appropriate remittance is received.

• (f) Fees are nonrefundable.

• (g) CTCAC charges a separate fee to conduct its review.

-End-

§4859 Express Terms

rev. 04/12/24

v. 5/24