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builders and sponsors profit and risk allowance |
Also found in: Acronyms | 0.01 sec. |
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builders and sponsors profit and risk allowance (BSPRA) An amount above the cost of constructing apartments that is allowed to be included in the project costs for purposes of determining the maximum loan amount in certain government-sponsored programs;generally calculated as 10 percent of the project development cost,less the cost of the land. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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