Attachment 1 - Application Form - Prepayment Of A Section 202 Or 202/8 Project (Page 2 of 4) in pdf

Attachment 1 - Application Form - Prepayment Of A Section 202 Or 202/8 Project Page 2

Attachment 1

15.

_______________________

Section 8 Number

16.

__________ Total No. of Units in the Project

17.

__________ Total No. of Sec. 8 Units

18.

Manager's Unit ______ Yes _______ No

19.

Annual Budget: _______ Budget-Based

________ Annual Adjustment

Factor (AAF) (check one)

20.

Amount of Residual Receipts: ________________

Revert to HUD _______Yes __________No (check one and attached basis for retention as

applicable).

21.

Amount of Replacement Reserves: _______________

Revert to HUD ______ Yes ________ No (check one and attached basis for retention as

applicable).

22.

Outstanding Flexible Subsidy Loan _____ Yes _______ No

_____________ (estimated amount)

23.

Mortgage Insurance application filed ______ Yes ______ No

(See existing processing instructions.)

24.

The borrower agrees to schedule a meeting to provide the prepayment information (including

covenant, where applicable) in writing to the heads of household residing in the project as of the

date of the meeting and afford the tenants an opportunity to comment. _____________ (planned

date of meeting). The owner/ borrower also agrees to make the covenants (where applicable)

part of the application package for all potential future tenant's of the project.

25.

The Mortgage note (check one):

________ allows prepayment with 30-days notice (Hub/PC approval);

________ allows prepayment with approval of HUD.

(Copy of Mortgage Note [and Form FHA-3432-EH if applicable], attached).

Attachment 1 - Application Form - Prepayment Of A Section 202 Or 202/8 Project Page 2