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Issues to Getting Approval -continued

Capital Needs Assessments can require reserves to be so high the property cannot pay debt service.  

C.N.A.’s typically require all items of a type such as flooring to be replaced at the same time estimated useful life of 7 years, this is not realistic, as flooring is usually done with move outs via regular operating budgets, not all at once in a given year.

Post 1991 RD properties are not eligible for debt deferral.

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