Attachment 1 - Application Form - Prepayment Of A Section 202 Or 202/8 Project Page 3

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Attachment 1
The remaining items only apply where the prepayment requires HUD's approval.
26.
Statement 1: Reasons for prepayment
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27.
Statement 2: How will the prepayment be advantageous to the residents? (attach appropriate
documentation)
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28.
The borrower agrees to maintain the ownership of the project as non-profit, at least through the
term of the original section 202 mortgage note.
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