Department of Neighborhood Development
Housing Policy --- Section 4-2
GENERAL DEVELOPMENT COSTS
General Development Costs (soft costs) shall be consistent with the costs of projects of similar scope, magnitude, and complexity.
1. All general development costs, shown on One Stop lines 159 - 185, must fall within an acceptable range that is defined by the costs of similar recent projects. DND will use recent and historical cost data in making this determination.
Cost profiles will be provided for common project types:
· Homeownership: 1) 1-4 family new construction; 2) 1-4 family rehab; 3) large- or scattered-site new construction; and 4) adaptive reuse.
· Rental: 1) SRO; 2) assisted living; 3) small unit rehab; 4) small unit new construction; 5) large unit rehab; and 6) large unit new construction.
· Projects that do not fall within the above typology will be compared against a set of like projects.
Housing Policies Table of Contents