13.10 Required Statements and Certifications

A. For all projects, regardless of whether the project has a cost certification exemption, the statements and certifications described in this section are required.

B. New construction and substantial rehabilitation projects require both: 1) an unaudited balance sheet that covers the period from the date of initial endorsement through cut-off, and 2) an unaudited income statement covering the period from first occupancy (see Chapter 12, Section 12.14.4 if occupancy occurred during construction), or from the date of substantial completion, through the period ending three months before the date of the first principal payment of the originally scheduled mortgage.