LIHTC If a LIHTC Property, the Property is in the extended use period or in the Property final 24 months of the initial compliance period or N/A Mortgage The grant of a mortgage lien to a mortgage lender does not require approval of the Regulatory Agreement Agency Lien Cash The Regulatory Agreement does not impose any requirement for a residual Distributions receipts fund and/or any prohibition on distributions of assets or income of the Borrower Enforcement The enforcement provisions of a Regulatory Agreement do not include: Forfeiture of any rental income and/or reserves held in escrow by the Regulatory Agreement Agency The right of the Regulatory Agreement Agency to seize rents The right of the Regulatory Agreement Agency or any other entity to assume management of the property or to sublet units Other There are none of the following: Mortgages; Recorded security instruments securing the Regulatory Agreement Subordinate obligations Secured subordinate financing in connection with the Regulatory Financing (Recorded) Agreement Check here if the title report has not yet been received: SECTION IV Seller to complete – Category Requirement (Yes or N/A = program compliant) (No = the statement is not Yes No correct in whole or in part; the Regulatory Agreement is not program compliant) Financing; Borrower has confirmed that there are none of the following: Other Financing in connection with the Regulatory Agreement Mortgages (secured or unsecured) Recorded security instruments securing the Regulatory Agreement obligations Unrecorded security instruments or deeds held in escrow pursuant to the Regulatory Agreement LIHTC If a LIHTC Property, Borrower has confirmed: Property The Property is in the extended use period or in the final 24 months of the – or no Tax initial compliance period (and in either case, the tax credit investor has Credit exited ownership of Property) N/A Investor
LIHTC Property If a LIHTC Property, the Property is in the extended use period or in the final 24 months of the initial compliance period or N/A Mortgage Lien The grant of a mortgage lien to a mortgage lender does not require approval of the Regulatory Agreement Agency Cash Distributions The Regulatory Agreement does not impose any requirement for a residual receipts fund and/or any prohibition on distributions of assets or income of the Borrower Enforcement The enforcement provisions of a Regulatory Agreement do not include: Forfeiture of any rental income and/or reserves held in escrow by the Regulatory Agreement Agency The right of the Regulatory Agreement Agency to seize rents The right of the Regulatory Agreement Agency or any other entity to assume management of the property or to sublet units Other Mortgages; Subordinate Financing (Recorded) There are none of the following: Recorded security instruments securing the Regulatory Agreement obligations Secured subordinate financing in connection with the Regulatory Agreement Check here if the title report has not yet been received: SECTION IV – Seller to complete Category Requirement (Yes or N/A = program compliant) (No = the statement is not correct in whole or in part; the Regulatory Agreement is not program compliant) Yes No Financing; Other Mortgages Borrower has confirmed that there are none of the following: Financing in connection with the Regulatory Agreement (secured or unsecured) Recorded security instruments securing the Regulatory Agreement obligations Unrecorded security instruments or deeds held in escrow pursuant to the Regulatory Agreement LIHTC Property – no Tax Credit Investor If a LIHTC Property, Borrower has confirmed: The Property is in the extended use period or in the final 24 months of the initial compliance period (and in either case, the tax credit investor has exited ownership of Property) or N/A