Multifamily Housing Bond Credit Enhancement Program Document Checklist
Preliminary Underwriting Package, Standard Delivery
(Revised 4/2006)
(Please see referenced Multifamily Seller/Servicer Guide sections for a full description of each item listed)
- Guide Section
- Description
- 28.4(a)
- Mortgage transaction narrative analysis [Must include characteristics of the proposed Mortgage (including risk factors and Seller’s recommendation); descriptions of the Property, the Borrower and the property manager; Property’s financial analysis; evaluation of balloon risk; surrounding property uses and condition with neighboring facilities; market analysis; history of the Borrower’s equity; loan history if there is an existing Mortgage; proposed sources and uses of funds; tenancy characteristics; and cash equity at risk] [See Section 28.3(h)]
- 28.4(b)
- Bond transaction summary [See Section 28.3(i)]
- 28.4(c)
- Certified rent schedule, dated within 30 days of package submission [See Section 28.3(j)]
- 28.4(d)
- Certified historical property financial statements [See Section 28.3(f)]
- 28.4(e)
- Certified current property financial statements, dated within 30 days of package submission [See Section 28.3(f)]
- 28.4(f)
- Seller’s pro forma property financial statements [See Section 28.3(f)]
- 28.4(g)
- Photographs
- 28.4(h)
- Maps
- 28.4(i)
- Legal fees and expenses certification [See Section 28.14(d)]
- 28.4(j)
- Request for approval of shared facilities, if applicable, including analysis and recommendation (See Section 8.9)
- 28.4(k)
- Additional documentation: