FINANCIAL MANAGEMENT POLICY MANUAL

2. CONSTRUCTION.
a. New Construction.
New construction (by installation and project) provides for the
erection, installation, assembly, relocation, or replacement of single or
multifamily dwelling units; related land acquisition, site preparation,
excavation, filling and landscaping, or other land improvements; the
initial outfitting during construction of a dwelling unit with fixtures
and other equipments which are either integral components or movable
items of major equipment thereof, including major appliances. It also
includes the construction of trailer court facilities and of new nondwelling
buildings directly associated with family dwelling units or a
family housing area; roads, driveways, walks, and utility systems
which primarily serve the family housing units; and community
facilities which are integral to a family housing area and are available
for use only by family housing area residents and their house guests.
Construction amounts authorized include the cost of shades, screens,
ranges, refrigerators, and all other installed equipment and fixtures,
supervision, inspection, overhead, site preparation, installation of
utilities, and ancillary supporting facilities.
b. Acquisition of Housing.
Acquisition of housing (by installation and project) includes
acquisition of housing projects through purchase of the sponsor's
equity and the acquisition of utility distribution systems and personal
property associated with those dwelling units.
c. Post Acquisition Construction.
Post acquisition construction includes construction projects for the
following purposes:
(1) upgrading substandard family housing to produce adequate
family housing;
(2) upgrading acquired housing units to produce adequate family
housing;
(3) conversion of existing facilities to family housing;
(4) alterations-additions, expansions, extensions;
(5) construction of family housing real property other than
dwelling units required subsequent to and because of previously
acquired dwelling units;
(6) energy conservation investments;
(7) replacements;
Financial Management Policy
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