Attachment 3A

**[Prepayment Format]{.underline}**

**[Where HUD Approval Is Not Required]{.underline}**

(format only - for local use)

Dear \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_:

This is to approve your application of
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
requesting to prepay your Section 202 or 202/8 project (name)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, (SH/EH
Number) \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, (Section 8 number where
appropriate) \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, (address)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.

Please work with your housing project manager (HPM) to complete the
financial transactions, if applicable. Return the documents to your HPM
before the date of final prepayment.

\[Add appropriate paragraph on Mortgage Insurance.\]

o The prepayment amount for this project is
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.

o The prepayment amount includes \_\_\_\_\_\_\_\_\_\_\_\_\_ for
repayment of a Flexible Subsidy loan.

o Prepayment by certified check should take place on or before
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.

Please confirm that payment by certified check has been provided to
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ or hand-delivered to
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ as appropriate.

If one or more of the above dates are not met, Hub/PC staff will assume
that you are no longer interested in prepayment, and will stop the
process.

Sincerely yours,

Hub/PC Director

1

Attachment 3B

**[Prepayment Approval Letter Format]{.underline}**

**[Where HUD Must Approve The Prepayment]{.underline}**

(format only - for local use)

Dear \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_:

This is to notify you of Headquarters approval of your application of
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ requesting to prepay your Section 202 or
202/8 project (name) \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, (SH/EH Number)

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, (Section 8 number where
appropriate) \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_, (address)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.

Please work with your housing project manager (HPM) to sign the new HAP
agreement (if appropriate), record the Use Agreement, and complete the
financial transaction. Return the documents to your HPM before the date
of final prepayment.

\[Add appropriate paragraph on Mortgage Insurance.\]

o The prepayment amount for this project is
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.

o The prepayment amount includes \_\_\_\_\_\_\_\_\_\_\_\_\_\_ for
repayment of a Flexible Subsidy loan.

o Prepayment by certified check should take place on or before
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.

Please provide this Office with a copy of the recorded Use Agreement and
confirm that payment by certified check has been provided to
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ or hand-delivered to
\_\_\_\_\_\_\_\_\_\_\_\_ as appropriate.

If one or more of the above dates are not met, Hub/PC staff will assume
that the you are no longer interested in prepayment, and will stop the
process.

Sincerely yours,

Hub/PC Director

1