Common use of FINANCING THE PROJECT Clause in Contracts

FINANCING THE PROJECT. The Parties anticipate that various sources of public assistance and conventional construction and permanent financing will be necessary to fund development and construction of the Project. CADA will work to identify those potential sources of funding for the Project. Possible sources include a California Tax Credit Allocation Committee award of 4% Low Income Housing Tax Credits, tax-exempt bonds, Sacramento Housing Redevelopment Authority ("SHRA") funds, and other sources as may be available from time-to-time to fund the construction of the Project. The Parties agree to work in good faith to identify and agree upon the financing mechanisms for the Project.