Attachment 2 - Hub/pc Staff Prepayment Checklist Form (Page 4 of 5) in pdf

Attachment 2 - Hub/pc Staff Prepayment Checklist Form Page 4

Attachment 2

Verify that all tenant notification procedures have been followed. ________

Review any comments received from the tenants. ________

Verify the prepayment language in the mortgage note with the Office of General Counsel.

Determine that adequate justification and documentation is provided to demonstrate

"advantageous to the tenants."

Check records to see if there is an outstanding Flexible Subsidy loan and Use Agreement. If

so, the Flexible Subsidy loan is due and payable as part of the prepayment.

Prepare:

=> An analysis of the tenant comments and Nonprofit Owner's evaluation of said comments.

=> A recommendation to approve or reject the Nonprofit Owner's request.

Submit the prepayment request and back-up material and Hub/PC analysis to:

Office of Asset Management at (202) 708-3730

451 Seventh Street, SW

Washington, DC 20410

Final Processing if proposal is approved by HAGA. ______

Contact the Ft. Worth Accounting Center to determine the correct payoff amounts for the

direct loan and the flexible subsidy loan, if applicable. _______

Notify the Nonprofit Owner of::

=> Approval of the prepayment request (see format, Attachment 3). ________

Attachment 2 - Hub/pc Staff Prepayment Checklist Form Page 4