Select one of the following: The entire facility was constructed more than 3 years ago and has not undergone any substantial rehabilitation in the last three years. An addition to the facility was constructed less than 3 years ago. However, the addition was not larger than the project in size (gross floor area) and number of beds. <<Provide further explanation, if necessary. If the facility does not meet either of the criteria above, the loan is not eligible under this program.>> Substantial Rehabilitation Select all applicable statements: The estimated cost of the repairs represents less than 15% of the value after project’s completion. The repairs do not include the substantial replacement of two or more major building components. <<Provide further explanation, if necessary. If the facility does not meet either of the criteria above, the loan is not eligible under this program. (Note: Concerning replacement of major building components, total replacement is not required, but the greater part (at least 50%) must be replaced.>>
Select one of the following: The entire facility was constructed more than 3 years ago and has not undergone any substantial rehabilitation in the last three years. An addition to the facility was constructed less than 3 years ago. However, the addition was not larger than the project in size (gross floor area) and number of beds. <<Provide further explanation, if necessary. If the facility does not meet either of the criteria above, the loan is not eligible under this program.>> Substantial Rehabilitation Select all applicable statements: The estimated cost of the repairs represents less than 15% of the project’s value after completion. The repairs do not include the substantial replacement of two or more major building components. <<Provide further explanation, if necessary. If the facility does not meet either of the criteria above, the loan is not eligible under this program. (Note: Concerning replacement of major building components, total replacement is not required, but the greater part (at least 50%) must be replaced.>>
9002_ORCF.DOCX