City of Boston
Department of Neighborhood Development
Contact Us
City Departments
Department of Neighborhood Development
Housing Policy --- Section 6-2

Loan Hold Back Policy
Policy Statement

DND, at a minimum, shall withhold 5% of the total DND loan amount until the project's completion.

DND will hold back the disbursement of at least 5% of the DND Loan (the "Holdback") until the project is 100% complete, as detailed in the loan documents and evidenced by receipt of the following documentation:
  • Certificate of Completion, issued by DND Construction Specialist

  • HOME Completion Report with income information for each HOME assisted Unit, Direct Benefits Statement, Cost Certification and/or other items as required in the Loan Documents.

  • 6-2 (11/02)

    Housing Policies Table of Contents
    City Calendar
    City Calendar See a listing of upcoming events sponsored by the Department of Neighborhood Development.
    Get Adobe Reader
    Many forms are available in PDF format. To view and print in PDF format, you must download and install the reader.
    Get Adobe Reader
    Text Size: XX-Small Font Size X-Small Font Size Small Font Size

    Privacy & Security Divider © 2014 City of Boston. All rights reserved.