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Can an applicant reduce the cost side of the HMCE analysis by providing additional local share, or sharing the project’s cost with another entity? How should the cost be reflected?

No, the HMCE analysis should always reflect the total project cost, as the analysis is based on the costs and benefits of the project to society, not to the Federal government. The application should clearly identify both the total project cost and the requested Federal funding amount.

Updated: Monday, June 19, 2017
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