Program Eligibility Substantial Rehabilitation This project qualifies for substantial rehabilitation because: The hard costs of rehabilitation/construction $<<amount>>, represents % of the value as rehabilitated, which exceeds 15% of the value after completion. (Note: project’s the hard costs of an addition to the building are included in this calculation.) The scope of rehabilitation includes substantial replacement of two or more major building components, including: <<list all applicable components here>>. Key Questions Yes No Will the care or other similar facility charge “founder’s fees,” “life fees,” charges associated with . “buy-in” facilities? Will the facility require more than four residents share a full bathroom (see 24 CFR 232.3)? (Not applicable for SNFs.) Are any residents required to access a qualifying bathroom by moving through a public corridor or area (see 24 CFR 232.3)? (Not applicable for SNFs.) Has the borrower, operator, or any of or their affiliate’s renamed reformulated companies, filed for or emerged from bankruptcy within the last five (5) years? Is the borrower, operator, or any of or reformulated their affiliate’s renamed companies, currently in bankruptcy? Are there floodways or coastal high hazard areas located onsite*? <<If you answered to any of the questions above, this facility is not eligible under this “yes” program. >> *Exception: The floodway and coastal high hazard area prohibitions do not apply if only an incidental portion of the project is in the 100-year floodplain, or for critical actions, the 500-year floodplain, and certain conditions are met in accordance with 24 CFR 55.12(c)(7).
Program Eligibility Substantial Rehabilitation This project qualifies for substantial rehabilitation because: The hard costs of rehabilitation/construction $<<amount>>, represents % of the value as rehabilitated, which exceeds 15% of the project’s value after completion. (Note: the hard costs of an addition to the building are included in this calculation.) The scope of rehabilitation includes substantial replacement of two or more major building components, including: <<list all applicable components here>>. Key Questions Yes No Will the facility charge “founder’s fees,” “life care fees,” or other similar charges associated with “buy-in” facilities? . Will the facility require more than four residents share a full bathroom (see 24 CFR 232.3)? (Not applicable for SNFs.) Are any residents required to access a qualifying bathroom by moving through a public corridor or area (see 24 CFR 232.3)? (Not applicable for SNFs.) Has the borrower, operator, or any of their affiliate’s renamed or reformulated companies, filed for or emerged from bankruptcy within the last five (5) years? Is the borrower, operator, or any of their affiliate’s renamed or reformulated companies, currently in bankruptcy? Are there floodways or coastal high hazard areas located onsite*? <<If you answered “yes” to any of the questions above, this facility is not eligible under this program. >> *Exception: The floodway and coastal high hazard area prohibitions do not apply if only an incidental portion of the project is in the 100-year floodplain, or for critical actions, the 500-year floodplain, and certain conditions are met in accordance with 24 CFR 55.12(c)(7).
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