...not exceed (1) in the case of new construction, the amount which the Commissioner estimates will be the replacement cost of the property or project when...to construction and approved by the Commissioner) , or (2) in the case of repair and rehabilitation, the sum of the estimated cost of repair and rehabilitation...

...(ill) not exceed (1) in the case of new construction, the amount which the Secretary estimates will be the replacement cost of the property or project when...charges incident to construction and approved by the Secretary), or (2) in the case of repair and rehabilitation, the sum of the estimated cost of repair...

...(Ш) not exceed (1) in the case of new construction, the amount which the Secretary estimates will be the replacement cost of the property or project when...the land, architect's fees, taxes, interest during § 17151 Page 2637 § 17151 construction, and other miscellaneous charges Incident to construction...

...excess of (1) in the case of new construction, the amount which the Commissioner estimates will be the replacement cost of the property or project when...within the boundaries of the land, architect's fees, ta_xes, interest during construction, and other miscellaneous charges incident to construction and...

...construction and approved by the Commissioner. (ii) In the case of new construction where the mortgagor is a limited distribution mortgagor, 90 percent of the...for builder's and sponsor's profit and risk of 10 • of A of Assistant Secretary for Housing, HUD ;nt of the foregoing items excluof land unless the...

...221(d)(4) and the mortgagor is a nonprofit, builder-seller, public cooperative, or investor-sponsor, 90 percent of the Commissioner's estimate of the replacement...to construction and approved by the Commissioner. (3) Repair or rehabilitation, (i) In the case of a project which is to be repaired or rehabilitated...

...provided for in the mortgage. (h) Replacement cost means the Commissioner's estimate of the construction cost of the property or project when the proposed...to construction and approved by the Commissioner. (i) Private Mortgagor — Profit means any mortgagor approved by the Commissioner, which, until the...

...provided for in the mortgage. (h) "Replacement cost" means the Commissioner's estimate of the construction cost of the property or project when the proposed...to construction and approved by the Commissioner. (i) "Private Mortgagor — Profit" means any mortgagor approved by the Commissioner, which, until the...

...and a Title I loan correspondent. Replacement cost means the Secretary's estimate of the construction cost of the property or project when the proposed...charges incident to construction and approved by the Secretary. For substantial rehabilitation proposals, the replacement cost estimate includes the "as...

...project when the proposed improvements are completed if executed by a Private Mortgagor — Profit. The replacement cost may Include the land, the proposed...the Commissioner and shall include an allowance for builders and sponsors profit and risk of 10 percent of the foregoing items exclusive of land unless...