The California Department of Housing and Community Development (HCD) has issued an Administrative Notice Interpreting the 2017 Uniform Multifamily Regulations relating to developer fee limits and capital contributions.
The Notice clarifies that a qualifying capital contribution to a project only increases the limit on Developer Fee in project cost and does not affect the limit on the portion of the Developer Fee that may be paid from funding sources.
Please contact Mark Stivers, Acting Deputy Director, Division of Financial Assistance.
