The Urban Fund - Fee Schedule

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Development Fee Schedule

The following fee schedule approximates the guidelines established by the Seattle-King County Housing Development Consortium as adopted by the Office of Housing, August 25th, 1998.

1. The fee is calculated as a percentage of total development cost (TDC). The TDC includes site acquisition (if applicable), hard and soft construction and project development costs and excludes reserves and developer fee. The fee schedule is considered normal compensation to engage a developer to appropriately implement the tasks of development. It does not factor and does not include the requirement by the developer to assume loan guarantees or risks related to the build out of the project.
Portion of Total Development Cost Amount under $1 million Between $1 and $3 million Between $3 and $6 million Between $6 and $9 million Between $9 and $12 million Over $12 million	Maximum Fee 15.0 % 13.0 % 8.5 % 6.8 % 5.5 % 5.0 %

2. Contract: Specifics of the development services contract are based on the scope of work, level of service required and issues of guarantees if applicable.

For further information contact Peter Erickson, Urban Fund, Inc. at 206-623-1234