EXHIBIT # CHECK BOX EXHIBIT NAME AND REQUIREMENTS Sources and Uses/Committed Leveraging Attach letters of commitment for any funding sources currently committed Required to the project. All documentation must be issued to the name of the 5 Paper and applicant, be project specific and dated within the last 9 months. In-kind donations and volunteer hours may be included and documented; Electronic however, may NOT be included in the leveraging calculation. In addition, Homebuyer’s mortgages(s) are not permitted in leveraging calculation. Required Project Description 6 Paper and Please complete DSHA’s Project Information form and include as part of Exhibit 6. Form can be accessed from DSHA’s website at . Electronic Paper and Extended Affordability 7 Electronic Please provide a narrative along with any supporting documentation describing how the 10-year minimum affordability period will be extended. N/A Homebuyer Affordability Please complete DSHA’s Homebuyer Affordability Analysis Form and Required submit as an exhibit to the application. This information demonstrates to 8 Paper and DSHA the estimated sales price and the homebuyer’s potential first mortgage. Electronic This form will assist the applicant in determining point scoring for Homebuyer Affordability. (Form can be found at ). Homebuyer Empowerment Please provide support documentation (i.e. 2016 Memorandum of Understanding (MOU), course curriculum, etc.) Mandatory HUD approved pre-homeownership counseling (includes Paper and financial literacy/credit counseling/budgeting/predatory lending) 9 Mandatory home maintenance, repairs, and improvements training for Electronic homebuyers (post-homeownership) Mandatory sweat equity program Note: Documentation that does not include language that clearly states the program is mandatory for the homebuyer will not score points. Appraisal A Summary Appraisal Report is required for all new creation applicants. The Required “as is” value of the existing real estate AND the after rehabilitation or new 10 construction value (as built) must be included in the report. Paper and Note: The Summary Appraisal Report and the Property Appraisal should not be Electronic more than six (6) months old. Report must be for the actual project property not for a similar project property, unless otherwise approved by DSHA prior to application deadline. EXHIBIT # CHECK BOX EXHIBIT NAME AND REQUIREMENTS
EXHIBIT # EXHIBIT NAME AND REQUIREMENTS CHECK BOX 5 Sources and Uses/Committed Leveraging Attach letters of commitment for any funding sources currently committed to the project. All documentation must be issued to the name of the applicant, be project specific and dated within the last 9 months. In-kind donations and volunteer hours may be included and documented; however, may NOT be included in the leveraging calculation. In addition, Homebuyer’s mortgages(s) are not permitted in leveraging calculation. Required Paper and Electronic 6 Project Description Please complete DSHA’s Project Information form and include as part of Exhibit 6. Form can be accessed from DSHA’s website at . Required Paper and Electronic 7 Extended Affordability Please provide a narrative along with any supporting documentation describing how the 10-year minimum affordability period will be extended. Paper and Electronic N/A 8 Homebuyer Affordability Please complete DSHA’s Homebuyer Affordability Analysis Form and submit as an exhibit to the application. This information demonstrates to DSHA the estimated sales price and the homebuyer’s potential first mortgage. This form will assist the applicant in determining point scoring for Homebuyer Affordability. (Form can be found at ). Required Paper and Electronic 9 Homebuyer Empowerment Please provide support documentation (i.e. 2016 Memorandum of Understanding (MOU), course curriculum, etc.) Mandatory HUD approved pre-homeownership counseling (includes financial literacy/credit counseling/budgeting/predatory lending) Mandatory home maintenance, repairs, and improvements training for homebuyers (post-homeownership) Mandatory sweat equity program Note: Documentation that does not include language that clearly states the program is mandatory for the homebuyer will not score points. Paper and Electronic 10 Appraisal A Summary Appraisal Report is required for all new creation applicants. The “as is” value of the existing real estate AND the after rehabilitation or new construction value (as built) must be included in the report. Note: The Summary Appraisal Report and the Property Appraisal should not be more than six (6) months old. Report must be for the actual project property not for a similar project property, unless otherwise approved by DSHA prior to application deadline. Required Paper and Electronic EXHIBIT # EXHIBIT NAME AND REQUIREMENTS CHECK BOX