Form Hud-9834 - Management Review For Multifamily Housing Projects Page 7

U.S. Department of Housing and Urban Development

OMB Approval No. 2502-0178

Management Review for Multifamily

Exp. 11/30/2011

Office of Housing – Federal Housing Commissioner

Housing Projects

24. Have the principals and board members listed received HUD-2530 approval? (Request a list of all current principals and board members and check for HUD-2530

approval.). (This question applies only to HUD Staff.)

Yes

N/A

Comments:

25. Is agent charging project for expenses for which the agreement requires agent to pay? (This question applies only to HUD Staff/Mortgagees)

Yes

Comments:

Questions 26 –29 apply to OAHP restructuring. If not applicable proceed to question 30.

26. Has the project’s mortgage been restructured? (This question applies only to HUD Staff.)

Yes

If yes, is there a use agreement on the project? Yes

If there is a use agreement, does it require any owner certifications? Yes

If owner certifications are required, have they been submitted timely? Yes

If applicable, has work required under the Rehabilitation Escrow been/is being completed according to schedule? Yes

Comments:

27. Is the owner eligible for incentives? (This question applies only to HUD Staff)

Yes

If yes, has the owner calculated those incentives correctly? (i.e., Capital Recovery Fee (CRF) and/or Incentive Performance Fee (IPF))

Yes

Comments:

28. Does the HUD billing statement (HUD-92771) indicate timely and accurate payments toward the Mortgage Restructuring Note? (This question applies only to

HUD Staff)

Yes

Comments:

29. If an owner is in non-compliance with HUD business agreements, has the owner been notified by HUD within the required timeframes? (This question applies

only to HUD Staff)

Yes

Comments:

Questions 30 through 33 apply to Section 236 projects. If this is not a Section 236 project proceed to question 34.

30. Does the rental income generate excess income? (This question applies only to HUD Staff)

Yes

N/A

Comments:

31. Has the owner/agent received approval to retain excess income? (This question applies only to HUD Staff) D13

Yes

Comments:

32. Was an annual report submitted for usage of retained excess income? (This question applies only to HUD Staff) D13