Grants and/or Loan [GntsLns] 6-1. A. Commitment letter Bond Financing [BndFin] 6-2. A. Itemized costs of issuance, discounts and financing fees to be paid out of pocket by mortgagor and explanation regarding the necessity of each cost... Tax Credits [TxCrd] 6-3. Letter of commitment/or reservation from tax credit syndicator or investor (specifying equity amount and pay-in schedule)... Acknowledgment/Release (Addendum 9 of HUD Notice H 95-4)... Source and Use Statement HUD-2880, Applicant/Recipient Disclosure/Update Report Bridge Loan agreements... Subsidy Layering Review Final Limited Partnership or Operating Agreement (Firm Commitment)... Section 7: Mortgagor (Section 7 & 8 Separately Bound) Organizational Chart [OrgCht]... 7-1. Organizational Documents ( if applicable, if ownership entity has been formed at time 7-2. of Firm Commitment) [OrgDocs] A. Corporate Articles of Incorporation... Bylaws... Authorizing Resolutions... B. Partnership Partnership Agreement... Certificate of Partnership... Authorizing Resolutions... C. Limited Liability Company Articles of Organization... Operating Agreement... Nonprofit Mortgagor 7-3. Authorizing Resolutions... HUD-3433:Eligible Nonprofit(portions relevant to refinance or acquisition)[3433] Detailed explanation of motivations for project... APPS Certification, Form HUD-2530 submitted for each principal/Resume [2530]... 7-4. 7-5. Resume [MtrgResume].... Mortgagor’s Credit Reports required for each new general partner, limited partner more than 25% 7-6. interest, stockholder more than 10% interest, added to mortgagor entity. Substantial Rehab, FHA Insured Project, changes in ownership subject to Handbook 4350.1; Insured Project Servicing Handbook transfer of physical assets (TPA).[TPA] Page 6 of 9
6-1. Grants and/or Loan [GntsLns] A. Commitment letter 6-2. Bond Financing [BndFin] A. Itemized costs of issuance, discounts and financing fees to be paid out of pocket by mortgagor and explanation regarding the necessity of each cost... 6-3. Tax Credits [TxCrd] Letter of commitment/or reservation from tax credit syndicator or investor (specifying equity amount and pay-in schedule)... Acknowledgment/Release (Addendum 9 of HUD Notice H 95-4)... Source and Use Statement HUD-2880, Applicant/Recipient Disclosure/Update Report Bridge Loan agreements... Subsidy Layering Review Final Limited Partnership or Operating Agreement (Firm Commitment)... Section 7: Mortgagor (Section 7 & 8 Separately Bound) 7-1. Organizational Chart [OrgCht]... 7-2. Organizational Documents ( if applicable, if ownership entity has been formed at time of Firm Commitment) [OrgDocs] A. Corporate Articles of Incorporation... Bylaws... Authorizing Resolutions... B. Partnership Partnership Agreement... Certificate of Partnership... Authorizing Resolutions... C. Limited Liability Company Articles of Organization... Operating Agreement... Authorizing Resolutions... 7-3. Nonprofit Mortgagor HUD-3433:Eligible Nonprofit(portions relevant to refinance or acquisition)[3433] Detailed explanation of motivations for project... 7-4. APPS Certification, Form HUD-2530 submitted for each principal/Resume [2530]... 7-5. Mortgagor’s Resume [MtrgResume].... 7-6. Credit Reports required for each new general partner, limited partner more than 25% interest, stockholder more than 10% interest, added to mortgagor entity. Substantial Rehab, FHA Insured Project, changes in ownership subject to Handbook 4350.1; Insured Project Servicing Handbook transfer of physical assets (TPA).[TPA] Page 6 of 9