Other charges: Borrower pays other third-party fees incurred by VHFA as a cost to provide a zero-percent loan.
Loan restructurings consist of the re-writing of terms of existing debt with existing borrowers for portfolio projects and other projects.
If restructuring the existing debt also includes financing new and/or additional debt, 1.5% in points shall be charged on the entire amount of the debt. The rate described above for construction and permanent loans will apply to the total new outstanding balance(s).
The compliance monitoring fee is subject to change during the tax credit monitoring period.