Eleventh Amendment to HPA — Ohio 

Doc#: US1:9776357v1

ELEVENTH AMENDMENT TO 

COMMITMENT TO PURCHASE FINANCIAL INSTRUMENT 

and 

HFA PARTICIPATION AGREEMENT 

This Eleventh Amendment to Commitment to Purchase Financial Instrument and HFA 

Participation Agreement (the “Eleventh Amendment”) is entered into as of the date set forth on 

Schedule A attached hereto as the Eleventh Amendment Date (the “Amendment Date”), by and 

among the United States Department of the Treasury (“Treasury”), the undersigned party 

designated as HFA whose description is set forth in Schedule A attached hereto (for 

convenience, a “state housing finance agency” or “HFA”) and the undersigned institution 

designated by HFA to participate in the program described below (“Eligible Entity”). 

Recitals 

WHEREAS, Treasury, HFA and Eligible Entity entered into that certain Commitment to 

Purchase Financial Instrument and HFA Participation Agreement (the “Original HPA”) dated as 

of the Closing Date, as previously amended by that certain First Amendment to Commitment to 

Purchase Financial Instrument and HFA Participation Agreement (the “First Amendment”), as 

further amended by that certain Second Amendment to Commitment to Purchase Financial 

Instrument and HFA Participation Agreement (the “Second Amendment”), as further amended 

by that certain Third Amendment to Commitment to Purchase Financial Instrument and HFA 

Participation Agreement (the “Third Amendment”), as further amended by that certain Fourth 

Amendment to Commitment to Purchase Financial Instrument and HFA Participation Agreement 

(the “Fourth Amendment”), as further amended by that certain Fifth Amendment to Commitment 

to Purchase Financial Instrument and HFA Participation Agreement (the “Fifth Amendment”), 

and as further amended by that certain Sixth Amendment to Commitment to Purchase Financial 

Instrument and HFA Participation Agreement (the “Sixth Amendment)”, and as further amended 

by that certain Seventh Amendment to Commitment to Purchase Financial Instrument and HFA 

Participation Agreement (the “Seventh Amendment”), and as further amended by that certain 

Eighth Amendment to Commitment to Purchase Financial Instrument and HFA Participation 

Agreement (the “Eighth Amendment”), and as further amended by that certain Ninth 

Amendment to Commitment to Purchase Financial Instrument and HFA Participation Agreement 

(the “Ninth Amendment”), and as further amended by that certain Tenth Amendment to 

Commitment to Purchase Financial Instrument and HFA Participation Agreement (the “Tenth 

Amendment”; and together with the Original HPA as amended thereby and by the First 

Amendment, Second Amendment, Third Amendment, Fourth Amendment, Fifth Amendment, 

Sixth Amendment, Seventh Amendment, Eighth Amendment, and Ninth Amendment, the 

“Current HPA”), dated as of their respective dates as set forth on Schedule A attached hereto, in 

connection with Treasury’s federal housing program entitled the Housing Finance Agency 

Innovation Fund for the Hardest Hit Housing Markets (the “HHF Program”), which was 

established pursuant to the Emergency Economic Stabilization Act of 2008 (P.L. 110-343), as 

amended, as the same may be amended from time to time (“EESA”); 
- 2 - 

WHEREAS, HFA, Eligible Entity and Treasury wish to implement a process for making changes 

to program allocations and Permitted Expenses relating to the Services described in the Service 

Schedules, and to amend the Current HPA to provide for such process. 

WHEREAS, HFA and Eligible Entity submitted a request to Treasury to make certain revisions 

to their Service Schedules and Permitted Expenses, as applicable, and Treasury has agreed to the 

same; 

WHEREAS, HFA, Eligible Entity and Treasury wish to enter into this Eleventh Amendment to 

document the process for making changes to program allocations and Permitted Expenses 

relating to the Services described in the Service Schedules, as well as all approved modifications 

to the Service Schedules and Permitted Expenses, as applicable; 

Accordingly, in consideration of the representations, warranties, and mutual agreements set forth 

herein and for other good and valuable consideration, the receipt and sufficiency of which are 

hereby acknowledged, Treasury, HFA and Eligible Entity agree as follows. 

Agreement 

1. Amendments 

A. Definitions. All references in the Current HPA to the “Agreement” shall mean the 

Current HPA, as further amended by this Eleventh Amendment; and all references in the 

Current HPA to Schedules A or B shall mean the Schedules A or B attached to this Eleventh 

Amendment. All references herein to the “HPA” shall mean the Current HPA, as further 

amended by this Eleventh Amendment. 

B. Section 9 of the Current HPA. 

(1) Section 9.C. of the Current HPA is hereby amended to insert the following after 

the last sentence therein: 

“Notwithstanding the foregoing, the Eligible Entity shall not be required 

to execute and deliver a replacement service schedule in the event that the 

Eligible Entity desires solely to make, and Treasury approves, changes to 

the program allocations and Permitted Expenses relating to the Services 

described in the Service Schedules (such changes, “Program 

Allocations/Permitted Expenses Changes”), as provided in Section 9.D. 

(2) A new Section 9.D. to the Current HPA is hereby inserted as follows: 

“Program Allocations/Permitted Expenses Changes shall not be deemed 

modifications to this Agreement. In order to make Program 

Allocations/Permitted Expenses Changes, Eligible Entity shall complete 

and submit to Treasury and its designee a Program Allocations/Permitted 

Expenses Change Request form (a “Program Allocations/Permitted 

Expenses Change Request”) using the form attached hereto as Exhibit F, 

without modification other than completing requested information fields, 
- 3 - 

and shall provide any additional certifications or information as may be 

requested by Treasury or its designee. Treasury shall have ten (10) 

business days to notify the Eligible Entity of its approval or denial of such 

Program Allocations/Permitted Expenses Change Request, in Treasury’s 

sole discretion, which time frame may be extended in Treasury’s sole 

discretion. The conditions precedent to Treasury’s approval of a Program 

Allocations/Permitted Expenses Change Request are, among other things,: 

(i) delivery to Treasury and its designee of an executed and completed 

Program Allocations/Permitted Expenses Change Request; (ii) the 

performance by Eligible Entity of the Services described in the Service 

Schedules, in accordance with the terms and conditions of this Agreement; 

and (iii) the satisfaction by HFA and Eligible Entity of such other 

obligations as are set forth in this Agreement.” 

C. Schedule A. Schedule A attached to the Current HPA is hereby deleted in its entirety 

and replaced with Schedule A attached to this Eleventh Amendment. 

D. Schedule B. Schedule B attached to the Current HPA is hereby deleted in its entirety 

and replaced with Schedule B attached to this Eleventh Amendment. 

E. Schedule C. Schedule C attached to the Current HPA is hereby deleted in its entirety. 

All references in the Current HPA to the “Schedule C” shall mean the Exhibit 2 Permitted 

Administrative Expenses to the Program Allocations/Permitted Expenses Change Requests 

as currently on file with Treasury. 

F. Exhibit F. The form of Program Allocations/Permitted Expenses Change Request 

attached as Exhibit E to this Amendment is hereby attached as Exhibit F to the Agreement. 

2. Representations, Warranties and Covenants 

A. HFA and Eligible Entity. HFA and Eligible Entity, each for itself, make the 

following representations, warranties and covenants to Treasury and the truth and accuracy 

of such representations and warranties and compliance with and performance of such 

covenants are continuing obligations of HFA and Eligible Entity, each as to itself. In the 

event that any of the representations or warranties made herein cease to be true and correct or 

HFA or Eligible Entity breaches any of its covenants made herein, HFA or Eligible Entity, as 

the case may be, agrees to notify Treasury immediately and the same shall constitute an 

Event of Default under the HPA. 

(1) HFA and Eligible Entity each hereby certifies, represents and warrants as of the 

date hereof that each of the representations and warranties of HFA or Eligible Entity, as 

applicable, contained in the HPA are true, correct, accurate and complete in all material 

respects as of the date hereof. All covenants of HFA or Eligible Entity, as applicable, 

contained in the HPA shall remain in full force and effect and neither HFA, nor Eligible 

Entity is in breach of any such covenant. 

(2) Eligible Entity has the full corporate power and authority to enter into, execute, 

and deliver this Eleventh Amendment and any other closing documentation delivered to 
- 4 - 

Treasury in connection with this Eleventh Amendment, and to perform its obligations 

hereunder and thereunder. 

(3) HFA has the full legal power and authority to enter into, execute, and deliver this 

Eleventh Amendment and any other closing documentation delivered to Treasury in 

connection with this Eleventh Amendment, and to perform its obligations hereunder and 

thereunder. 

3. Miscellaneous 

A. The recitals set forth at the beginning of this Eleventh Amendment are true and 

accurate and are incorporated herein by this reference. 

B. Capitalized terms used but not defined herein shall have the meanings ascribed to 

them in the HPA. 

C. Any provision of the HPA that is determined to be prohibited or unenforceable in any 

jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or 

unenforceability without invalidating the remaining provisions of the HPA, and no such 

prohibition or unenforceability in any jurisdiction shall invalidate such provision in any other 

jurisdiction. 

D. This Eleventh Amendment may be executed in two or more counterparts (and by 

different parties on separate counterparts), each of which shall be deemed an original, but all 

of which together shall constitute one and the same instrument. Facsimile or electronic 

copies of this Eleventh Amendment shall be treated as originals for all purposes. 

[SIGNATURE PAGE FOLLOWS; REMAINDER OF PAGE 

INTENTIONALLY LEFT BLANK] 
[Signature Page to Eleventh Amendment to HPA — Ohio] 

In Witness Whereof, HFA, Eligible Entity and Treasury by their duly authorized officials 

hereby execute and deliver this Eleventh Amendment to Commitment to Purchase Financial 

Instrument and HFA Participation Agreement as of the Amendment Date. 

HFA: TREASURY: 

OHIO HOUSING FINANCE AGENCY UNITED STATES DEPARTMENT OF THE 

TREASURY 

By: /s/ Douglas Garver By: 

Name: Douglas Garver Name: Timothy J. Bowler 

Title: Executive Director Title: Deputy Assistant Secretary for 

 Financial Stability 

 

ELIGIBLE ENTITY:

OHIO HOMEOWNER ASSISTANCE LLC 

By: Ohio Capital Corporation for Housing, Its 

Sole Member 

By: /s/ Susan K. Ziegler 

Name: Susan K. Ziegler 

Title: Chief Operating Officer 

 
EXHIBITS AND SCHEDULES 

Schedule A Basic Information 

Schedule B Service Schedules 

Exhibit F Form of Program Allocations/Permitted Expenses Change Request 
 A-1 

SCHEDULE A 

BASIC INFORMATION 

Eligible Entity Information: 

Name of the Eligible Entity: Ohio Homeowner Assistance LLC

Corporate or other organizational form: Ohio limited liability company

Jurisdiction of organization: Ohio

Notice Information: 

 

 

HFA Information: 

Name of HFA: Ohio Housing Finance Agency 

Organizational form: An agency under the laws of the State of 

 Ohio 

Date of Application: June 1, 2010 

Date of Action Plan: September 1, 2010 

Notice Information: 

Program Participation Cap: $570,395,099.00 

Portion of Program Participation Cap 

Representing Original HHF Funds: $172,000,000.00 

Portion of Program Participation Cap 

Representing Unemployment HHF Funds: $148,728,864.00 

Permitted Expenses: $56,944,408.00

Closing Date: August 3, 2010 

First Amendment Date: September 23, 2010 

Second Amendment Date: September 29, 2010 

Third Amendment Date: December 16, 2010 
 A-2 

Fourth Amendment Date: March 31, 2011 

Fifth Amendment Date: December 8, 2011 

Sixth Amendment Date: December 14, 2012 

Seventh Amendment Date: March 22, 2013 

Eighth Amendment Date: August 28, 2013 

Ninth Amendment Date: December 12, 2013 

Tenth Amendment Date: February 27, 2014 

Eleventh Amendment Date: December 18, 2014 

Eligible Entity Depository Account Information: See account information set forth in the 

Depository Account Control Agreement 

between Treasury and Eligible Entity 

regarding the HHF Program. 
 

SCHEDULE B 

SERVICE SCHEDULES

The Service Schedules attached as Schedule B to the Current HPA are hereby deleted in their 

entirety and replaced with the attached Service Schedules (numbered sequentially as Service 

Schedule B-1, Service Schedule B-2, et. seq.), which collectively comprise Schedule B to the 

HPA.
 B-1-1 

SERVICE SCHEDULE B-1 

Ohio Housing Finance Agency (OHFA) 

Rescue Payment Assistance Program 

Summary Guidelines 

1. Program Overview The Rescue Payment Assistance (RPA) program, part of Ohio’s Hardest Hit Fund (HHF), 

provides up to $25,000 to lenders/servicers on behalf of eligible homeowners to bring current 

delinquent mortgage payments, escrow shortages and corporate advances to third parties. 

Assistance is subject to OHFA’s approval of the homeowner’s Action Plan, which is 

developed by a housing counselor. Homeowners may receive assistance from one or more of 

Ohio’s HHF Programs, up to the total amount for which the homeowner qualifies. 

2. Program Goals The goal of RPA is to prevent avoidable foreclosure and stabilize neighborhoods by helping 

delinquent homeowners who have experienced a qualifying hardship to achieve sustainable 

homeownership. 

3. Target Population/ 

Areas 

The RPA program is available to Ohioans who have experienced a qualifying hardship. 

4. Program Allocation 

(Excluding 

Administrative 

Expenses) 

Program allocation amount on file with Treasury. 

5. Borrower 

Eligibility Criteria 

The homeowner must meet the following criteria: 

• Current gross household income equal to or less than 125 percent of the area median for a 

5-person family from the county with the highest area median in Ohio; 

• Hardship, as identified by a hardship affidavit, which occurred on or after January 1, 

2007, due to involuntary loss or reduction in income or significant medical expenses; and 

• Monthly mortgage payment (PITIA) must be 38 percent or less of gross monthly 

income—or, if also applying for assistance on a subordinate lien through the 

Homeownership Retention Assistance program (HRA), combined monthly mortgage 

payment must be 48 percent or less of gross monthly income—or homeowner must 

qualify to receive at least six months of assistance under the Mortgage Payment 

Assistance program (MPA). 

6. Property/Loan 

Eligibility Criteria 

Properties must be one- to four-unit, owner-occupied primary residences located in Ohio, 

including condominium units. Manufactured homes are eligible only if titled as real estate. 

Land Contracts are not eligible. 

The first mortgage debt on the property must be less than the highest FHA maximum loan 

amount among all Ohio counties. 

7. Program Exclusions The following are excluded from participating in this amendment to the RPA program: 

• Homeowners participating in a trial modification; 

• Homeowners in active bankruptcy; and 

• Homeowners whose applications were submitted to OHFA’s underwriting team prior to 

February 1, 2013, except for those who were declined; these previously submitted 

homeowners may continue to receive assistance under Amendment Five to the HPA. 

8. Structure of 

Assistance 

Assistance will take the form of a non-recourse, non-amortizing, zero-percent interest, fiveyear loan secured by the property and repayable only from equity proceeds of a refinance or 

sale. The loan will be recorded as a subordinate lien. 
B-1-2 

Twenty percent of the loan balance will be forgiven each year on the anniversary of the 

closing, and any remaining balance will be forgiven on December 31, 2017. 

9. Per Household 

Assistance 

Maximum program amount available per household: $25,000 

Estimated average assistance provided per household: $8,750 

10. Duration of 

Assistance 

RPA is provided in a lump sum payment to the homeowner’s lender/servicer. 

11. Estimated Number 

of Participating 

Households 

It is expected that the RPA program will assist 21,000 households. 

12. Program Inception/ 

Duration 

The RPA program began September 27, 2010. The program is expected to continue until 

December 31, 2017 or when available funds are exhausted. 

13. Program 

Interactions with 

Other Programs 

(e.g. other HFA 

programs) 

Homeowners who participate in two or more of Ohio’s HHF programs are subject to a 

maximum benefit amount of $35,000 per household; however, the maximum program amount 

a homeowner may receive under RPA shall not exceed $25,000. 

14. Program 

Interactions with 

HAMP 

Homeowners participating in a trial HAMP modification are not eligible.

15. Program Leverage 

with Other 

Financial Resources 

OHFA strongly encourages lenders/servicers to waive late fees or any other expenses that are 

not paid to a third party. 

16. Qualify as an 

Unemployment 

Program 

Yes No 
B-2-1 

SERVICE SCHEDULE B-2 

Ohio Housing Finance Agency (OHFA) 

Mortgage Payment Assistance Program 

Summary Guidelines 

1. Program Overview The Mortgage Payment Assistance (MPA) program provides up to $25,000 to 

lenders/servicers on behalf of eligible unemployed and underemployed homeowners to make 

full mortgage payments to the lender servicer for up to eighteen (18) months or as long as the 

homeowner remains eligible for assistance. Homeowners will resume their regular payments 

at the end of the term approved in their Action Plan or three (3) months after achieving an 

affordable payment, whichever occurs first. 

Up to $22,000 of MPA assistance will be available to eligible homeowners at the time of 

closing. Should the homeowner’s monthly mortgage payment increase after closing, the 

homeowner may access additional assistance up to the maximum program amount of $25,000. 

Assistance is subject to OHFA’s approval of the homeowner’s Action Plan, which is 

developed by a housing counselor. Homeowners may receive assistance from one or more of 

Ohio’s HHF Programs, up to the total amount for which the homeowner qualifies.

2. Program Goals The goal of MPA is to prevent avoidable foreclosure and stabilize neighborhoods by helping 

unemployed and underemployed homeowners make on-time, monthly payments on their 

mortgages. 

3. Target Population/ 

Areas 

The MPA program is available to Ohioans who have experienced a qualifying hardship. 

4. Program Allocation 

(Excluding 

Administrative 

Expenses) 

Program allocation amount on file with Treasury. 

5. Borrower Eligibility 

Criteria 

The homeowner must meet the following criteria: 

• Current gross household income equal to or less than 125 percent of the area median for a 

5-person family from the county with the highest area median in Ohio; 

• Hardship, as identified by a hardship affidavit, which occurred on or after January 1, 

2007, due to involuntary loss or reduction in income; and

• Monthly mortgage payment must be 20 percent or more for homeowners who have 

received or exhausted unemployment benefits and 31 percent or more for all other 

eligible homeowners.

6. Property/Loan 

Eligibility Criteria 

Properties must be one- to four-unit, owner-occupied primary residences located in Ohio, 

including condominium units. Manufactured homes are eligible only if titled as real estate. 

Land Contracts are not eligible. 

The first mortgage debt on the property must be less than the highest FHA maximum loan 

amount among all Ohio counties. 

7. Program Exclusions The following are excluded from participating in this amendment to the MPA program: 

• Homeowners participating in a trial modification; and

• Homeowners in active bankruptcy; and 

• Homeowners whose applications were submitted to OHFA’s underwriting team prior to 

February 1, 2013, except for those who were declined; these previously submitted 
B-2-2 

homeowners may continue to receive assistance under Amendment Five to the HPA. 

8. Structure of 

Assistance 

Assistance will take the form of a non-recourse, non-amortizing, zero-percent interest, fiveyear loan secured by the property and repayable only from equity proceeds of a refinance or 

sale. The loan will be recorded as a subordinate lien. 

Twenty percent of the loan balance will be forgiven each year on the anniversary of the 

closing, and any remaining balance will be forgiven on December 31, 2017. 

9. Per Household 

Assistance 

Maximum program amount available per household: $22,000 at closing, $25,000 over term of 

assistance 

Estimated average assistance provided per household: $12,000 

10. Duration of 

Assistance 

The maximum duration of MPA is eighteen (18) months. 

Homeowners who become reemployed after receiving approval from Ohio’s HHF program 

underwriters, but before closing on their loan for assistance and whose mortgage payment is 

affordable as defined by Ohio’s HHF guidelines, may receive up to three months of MPA. 

11. Estimated Number 

of Participating 

Households 

It is expected that the MPA program will assist 15,500 households. 

12. Program Inception/ 

Duration 

The MPA program began January 1, 2012, and is expected to continue until December 31, 

2017 or when available funds are exhausted. 

13. Program 

Interactions with 

Other Programs 

(e.g. other HFA 

programs) 

Homeowners who participate in two or more of Ohio’s HHF programs are subject to a 

maximum benefit amount of $35,000 per household; however, the maximum program amount 

a homeowner may receive under MPA shall not exceed $25,000.

14. Program 

Interactions with 

HAMP 

Homeowners participating in a trial HAMP modification are not eligible. 

MPA may come before or after the Home Affordable Unemployment Program (UP) 

forbearance. 

15. Program Leverage 

with Other 

Financial Resources 

OHFA strongly encourages the lenders/servicers to waive late fees or any other expenses that 

are not paid to a third party. 

16. Qualify as an 

Unemployment 

Program 

Yes No 
B-3-1 

SERVICE SCHEDULE B-3 

Ohio Housing Finance Agency (OHFA) 

Modification with Contribution Assistance Program 

Summary Guidelines 

1. Program Overview The Modification with Contribution Assistance (MCA) program provides up to $35,000 to 

lenders/servicers on behalf of homeowners to facilitate a permanent affordable loan 

modification. 

Allowable uses of the funds include: 

• Delinquent mortgage payments; 

• Principal & interest; 

• Other property related ancillary expenses (property taxes, homeowner’s insurance, and 

association dues); 

• Late fees; 

• Inspection fees, attorney fees, and other third party fees; 

• Escrow shortages and advances; and 

• Principal reduction. 

The modification achieved with MCA must result in a more affordable monthly payment, but 

that payment may not be less than 20 percent of the household gross monthly income. If the 

household gross income is equal to or less than $20,000 per year, however, the modification 

achieved with MCA may result in a more affordable monthly payment that is less than 20 

percent of gross household income. 

Assistance is subject to OHFA’s approval of the homeowner’s Action Plan, which is 

developed by a housing counselor, except for HAMP-eligible modifications referred to OHFA 

by a participating lender/servicer. Homeowners may receive assistance from one or more of 

Ohio’s HHF Programs, up to the total amount for which the homeowner qualifies. 

2. Program Goals The goal of MCA is to prevent avoidable foreclosure and stabilize neighborhoods by helping 

homeowners who have experienced a qualifying hardship to achieve more affordable 

mortgage payments long term. 

3. Target Population/ 

Areas 

The MCA program is available to Ohioans who have experienced a qualifying hardship. 

4. Program Allocation 

(Excluding 

Administrative 

Expenses) 

Program allocation amount on file with Treasury. 

5. Borrower Eligibility 

Criteria 

The homeowner must meet the following criteria: 

• Current gross household income equal to or less than 125 percent of the area median for a 

5-person family from the county with the highest area median in Ohio; and 

• Hardship, as identified by a hardship affidavit, which occurred on or after January 1, 

2007, due to involuntary loss or reduction in income or significant medical expenses; and 

• Mortgage payment 20 percent or greater than household gross monthly income, unless the 

household gross income is equal to or less than $20,000 per year.

6. Property/Loan 

Eligibility Criteria 

Properties must be one- to four-unit owner-occupied primary residences located in Ohio, 

including condominium units. Manufactured homes are eligible only if titled as real estate. 

Land contracts are not eligible. 
B-3-2 

The first mortgage debt on the property must be less than the highest FHA maximum loan 

amount among all Ohio counties. 

7. Program 

Exclusions 

The following are excluded from participating in this amendment to the MCA program: 

• Homeowners participating in a trial HAMP modification; and 

• Homeowners in active bankruptcy; 

• Homeowners whose applications were submitted to OHFA’s underwriting team prior to 

February 1, 2013, except for those who were declined; these previously submitted 

homeowners may continue to receive assistance under Amendment Five to the HPA; and 

• Homeowners whose monthly mortgage payment would be less than 20 percent of 

household gross income, except those homeowners whose household gross income is 

$20,000 or less per year.

8. Structure of 

Assistance 

Unless MCA assistance is matched by an equal contribution by the lender/servicer, assistance 

will take the form of a non-recourse, non-amortizing, zero-percent interest, five-year loan 

secured by the property and repayable only from equity proceeds of a refinance or sale. The 

loan will be recorded as a subordinate lien. 

Twenty percent of the loan balance will be forgiven each year on the anniversary of the 

closing, and any remaining balance will be forgiven on December 31, 2017. 

9. Per Household 

Assistance 

Maximum program amount available per household: $35,000. 

Estimated average assistance provided per household: $26,500 

10. Duration of 

Assistance 

MCA is provided in a lump sum payment to the homeowner’s lender/servicer. 

11. Estimated Number 

of Participating 

Households 

It is expected that the MCA program will assist 1,300 households. 

12. Program Inception/ 

Duration 

The MCA program began January 1, 2012, and is expected to continue until December 31, 

2017 or when available funds are exhausted. 

13. Program 

Interactions with 

Other Programs 

(e.g. other HFA 

programs) 

Homeowners who participate in two or more of Ohio’s HHF programs are subject to a 

maximum benefit amount of $35,000 per household. 

14. Program 

Interactions with 

HAMP 

Homeowners participating in a trial HAMP modification are not eligible. 

This program may be used to help a homeowner obtain a Home Affordable Modification 

Program (HAMP) modification. 

15. Program Leverage 

with Other 

Financial Resources 

OHFA strongly encourages the lenders/servicers to waive late fees or any other expenses that 

are not paid to a third party. 

16. Qualify as an 

Unemployment 

Program 

Yes No 
B-4-1 

SERVICE SCHEDULE B-4 

Ohio Housing Finance Agency (OHFA) 

Lien Elimination Assistance 

Summary Guidelines 

1. Program Overview The Lien Elimination Assistance (LEA) program provides up to $25,000 to one or more 

lenders/servicers on behalf of eligible homeowners to extinguish a homeowner’s mortgage 

lien(s). 

Assistance is subject to OHFA’s approval of the homeowner’s Action Plan, which is 

developed by a housing counselor. Homeowners may receive assistance from one or more of 

Ohio’s HHF Programs, up to the total amount for which the homeowner qualifies.

2. Program Goals The goal of LEA is to prevent avoidable foreclosure and stabilize neighborhoods by helping 

homeowners who have experienced a qualifying hardship to achieve a long-term, permanent, 

and affordable housing solution. 

3. Target Population/ 

Areas 

The LEA program is available to Ohioans who have experienced a qualifying hardship.

4. Program Allocation 

(Excluding 

Administrative 

Expenses) 

Program allocation amount on file with Treasury.

5. Borrower Eligibility 

Criteria 

The homeowner must meet the following criteria: 

• Current gross household income equal to or less than 125 percent of the area median for a 

5-person family from the county with the highest area median in Ohio; and 

• Hardship, as identified by a hardship affidavit, which occurred on or after January 1, 

2007, due to involuntary loss or reduction in income or significant medical expenses. 

6. Property/Loan 

Eligibility Criteria 

Properties must be one- to four-unit, owner-occupied primary residences located in Ohio, 

including condominium units. Manufactured homes are eligible only if titled as real estate. 

Land contracts are not eligible. 

The first mortgage debt on the property must be less than the highest FHA maximum loan 

amount among all Ohio counties. 

7. Program Exclusions The following are excluded from participating in this amendment to the LEA program: 

• Homeowners in active bankruptcy; and 

• Homeowners whose applications were submitted to OHFA’s underwriting team prior to 

February 1, 2013, except for those who were declined; these previously submitted 

homeowners may continue to receive assistance under Amendment Five to the HPA. 
B-4-2 

8. Structure of 

Assistance 

Assistance will take the form of a non-recourse, non-amortizing, zero-percent interest, fiveyear loan secured by the property and repayable only from equity proceeds of a refinance or 

sale. The loan will be recorded as a subordinate lien. 

Twenty percent of the loan balance will be forgiven each year on the anniversary of the 

closing, and any remaining balance will be forgiven on December 31, 2017. 

9. Per Household 

Assistance 

Maximum program amount available per household: $25,000 

Estimated average assistance provided per household: $20,000 

10. Duration of 

Assistance 

LEA is provided in a lump sum payment to the homeowner’s lender/servicer.

11. Estimated Number 

of Participating 

Households 

It is expected that the LEA program will assist 1,150 households. 

12. Program Inception/ 

Duration 

The program began January 1, 2012, and is expected to continue until December 31, 2017 or 

when available funds are exhausted.

13. Program 

Interactions with 

Other Programs 

(e.g. other HFA 

programs) 

Homeowners who participate in two or more of Ohio’s HHF programs are subject to a 

maximum benefit amount of $35,000 per household; however, the maximum program amount 

a homeowner may receive under LEA shall not exceed $25,000. 

14. Program 

Interactions with 

HAMP 

Homeowners participating in a trial HAMP modification are not eligible. 

15. Program Leverage 

with Other 

Financial Resources 

Lenders/servicers must agree to fully extinguish the lien(s) and release homeowners from 

future obligations or judgments as part of the process of approving a homeowner for the LEA 

program. 

16. Qualify as an 

Unemployment 

Program 

Yes No 
B-5-1 

SERVICE SCHEDULE B-5 

Ohio Housing Finance Agency (OHFA) 

Transition Assistance Program 

Summary Guidelines 

1. Program Overview The Transition Assistance (TA) program provides up to: 

• $5,000 to eligible homeowners with unaffordable mortgage payments who obtain a short 

sale or deed-in-lieu of foreclosure from their lender/servicer and leave their home in 

saleable condition; and 

• $2,500 to lenders/servicers to extinguish and release subordinate liens as part of a short 

sale or deed-in-lieu of foreclosure agreement. 

Assistance is subject to OHFA’s approval of the homeowner’s Action Plan, which is 

developed by a housing counselor. Homeowners may receive assistance from one or more of 

Ohio’s HHF Programs, up to the total amount for which the homeowner qualifies. 

2. Program Goals The goal of TA is to prevent avoidable foreclosure and help stabilize neighborhoods by 

helping homeowners to achieve an orderly exit from their home. 

3. Target Population/ 

Areas 

The TA program is available to Ohioans who have experienced a qualifying hardship. 

4. Program Allocation 

(Excluding 

Administrative 

Expenses) 

Program allocation amount on file with Treasury.

5. Borrower Eligibility 

Criteria 

The homeowner must meet the following criteria: 

• Current gross household income equal to or less than 125 percent of the area median for a 

5-person family from the county with the highest area median in Ohio; and 

• Hardship, as identified by a hardship affidavit, which occurred on or after January 1, 

2007, due to involuntary loss or reduction in income, significant medical expenses; or 

homeowners who must relocate for employment and meets the requirements of IRS 

Publication 521 which states “the new main job is at least 50 miles farther from former 

residence than old main job.” The new residence must be located in the United States of 

America, except for active duty military personnel. 

6. Property/Loan 

Eligibility Criteria 

Properties must be one- to-four unit, primary residences, as defined in Ohio’s HHF 

guidelines, located in Ohio, including condominium units. Manufactured homes are eligible 

only if titled as real estate. Land contracts are not eligible.

7. Program Exclusions The following are excluded from participating in TA: 

• Homeowners whose net proceeds from the sale of the home are sufficient to pay off the 

mortgage balance; and 

• Homeowners in active bankruptcy. 

8. Structure of 

Assistance 

Assistance is provided in the form of a one-time payment to the borrower and incentives to 

the second lien holder(s) consisting of: 

• A $5,000 payment to the borrower by Ohio Homeowner Assistance LLC (OHA); and 

• A maximum of $2,500 to subordinate lienholder(s) who agree to extinguish fully any 

subordinate lien(s). 
B-5-2 

9. Per Household 

Assistance 

Maximum program amount available per household: $7,500 

Estimated average assistance provided per homeowner: $5,000 

10. Duration of 

Assistance 

TA is provided in a lump sum payment to the homeowner, and, if applicable, the 

homeowner’s lender/servicer and any secondary lienholder(s). 

11. Estimated Number 

of Participating 

Households 

It is expected that the TA program will assist 63 households. 

12. Program Inception/ 

Duration 

The program began September 27, 2010, and is expected to continue until December 31, 2017 

or when available funds are exhausted. 

13. Program 

Interactions with 

Other Programs 

(e.g. other HFA 

programs) 

Homeowners who participate in two or more of Ohio’s HHF programs are subject to a 

maximum benefit amount of $35,000 per household; however, the maximum program amount 

a homeowner may receive for TA shall not exceed $7,500. 

TA may not be combined with Homeowner Retention Assistance (HRA). 

14. Program 

Interactions with 

HAMP 

HAFA may be combined with any element of the TA program. 

15. Program Leverage 

with Other 

Financial Resources 

Lenders/servicers must agree to release homeowners from future obligations or judgments as 

part of the process of approving a short sale, cash for keys, or deed-in-lieu agreement. First 

and second mortgage holders must accept less than full payoff. 

16. Qualify as an 

Unemployment 

Program 

Yes No 
B-6-1 

SERVICE SCHEDULE B-6 

Ohio Housing Finance Agency (OHFA) 

Homeownership Retention Assistance 

Summary Guidelines 

1. Program Overview The Homeownership Retention Assistance (HRA) program provides up to $25,000 to 

lenders/servicers, taxing authorities, and associations, on behalf of eligible homeowners to 

extinguish or reinstate a homeowner’s subordinate mortgage lien(s) or cover ancillary 

property-related expenses as described below: 

Allowable uses of the funds include: 

• Property-related ancillary expenses (i.e., non-escrowed property taxes or homeowners or 

condominium association charges); and 

• With respect to subordinate mortgage liens only: 

• Delinquent mortgage payments; 

• Principal & interest; 

• Escrow shortages and advances; 

• Late fees; 

• Inspection fees, attorney fees, and other third party fees; 

• Lien extinguishment; and 

• Principal reduction. 

Assistance is subject to OHFA’s approval of the homeowner’s Action Plan, which is 

developed by a housing counselor. Homeowners may receive assistance from one or more of 

Ohio’s HHF Programs, up to the total amount for which the homeowner qualifies. 

2. Program Goals The goal of HRA is to prevent avoidable foreclosure and stabilize neighborhoods by helping 

homeowners who have experienced a qualifying hardship to achieve a long-term and 

affordable housing solution. 

3. Target Population/ 

Areas 

The HRA program is available to Ohioans who have experienced a qualifying hardship.

4. Program Allocation 

(Excluding 

Administrative 

Expenses) 

Program allocation amount on file with Treasury.

5. Borrower Eligibility 

Criteria 

• The homeowner must meet the following criteria: 

• Current gross household income equal to or less than 125 percent of the area median 

for a 5-person family from the county with the highest area median in Ohio; and 

• Hardship, as identified by a hardship affidavit, as identified by a hardship affidavit, 

which occurred on or after January 1, 2007, due to involuntary loss or reduction in 

income or significant medical expenses. 

When HRA is used to reinstate delinquent property taxes or homeowners or condominium 

association charges, the homeowner also must meet the following criterion: 

• Monthly mortgage payment (PITIA) must be 38 percent or less of gross monthly 

income or homeowner must qualify to receive at least six months of assistance under 

the Mortgage Payment Assistance program (MPA). 

When HRA is used to eliminate or reinstate a subordinate lien, the homeowner must also meet 

the following criterion: 
B-6-2 

• Homeowner must be current or brought current with RPA on all liens with a higher 

position; and 

• Combined monthly mortgage payment PITIA on first and any subordinate lien(s) for 

which the homeowner seeks assistance must be 48 percent or less of gross monthly 

income or homeowner must qualify to receive at least six months of assistance under 

the Mortgage Payment Assistance program (MPA). 

6. Property/Loan 

Eligibility Criteria 

Properties must be one- to-four unit, owner-occupied primary residences located in Ohio, 

including condominium units. Manufactured homes are eligible only if titled as real estate. 

Land contracts are not eligible. 

The first mortgage debt on the property must be less than the highest FHA maximum loan 

amount among all Ohio counties. 

7. Program Exclusions The following are excluded from participating in HRA: 

• Homeowners participating in a trial modification on their subordinate lien; 

• Homeowners in active bankruptcy; and 

• Homeowners whose applications were submitted to OHFA’s underwriting team prior to 

February 1, 2013, except for those who were declined; these previously submitted 

homeowners may continue to receive assistance under Amendment Five to the HPA. 

8. Structure of 

Assistance 

Assistance will take the form of a non-recourse, non-amortizing, zero-percent interest, fiveyear loan secured by the property and repayable only from equity proceeds of a refinance or 

sale. The loan will be recorded as a subordinate lien. 

Twenty percent of the loan balance will be forgiven each year on the anniversary of the 

closing, and any remaining balance will be forgiven on December 31, 2017. 

9. Per Household 

Assistance 

Maximum amount available per homeowner: $25,000 

Estimated average assistance provided per homeowner: $6,500 

10. Duration of 

Assistance 

HRA is provided in a lump sum payment to the homeowner’s lender/servicer, taxing 

authority, and/or other entity. 

11. Estimated Number 

of Participating 

Households 

It is expected that the HRA program will assist 1,738 households. 

12. Program Inception/ 

Duration 

This program will become effective on February 1, 2013 and is expected to continue until 

December 31, 2017 or when available funds are exhausted. 

13. Program 

Interactions with 

Other Programs 

(e.g. other HFA 

programs) 

Homeowners who participate in two or more of Ohio’s HHF programs are subject to a 

maximum benefit amount of $35,000 per household; however, the maximum program amount 

a homeowner may receive under HRA shall not exceed $25,000. 

HRA may not be combined with TA. 

14. Program 

Interactions with 

HAMP 

Homeowners participating in a trial HAMP modification on the subordinate lien are not 

eligible. 

15. Program Leverage 

with Other 

Financial Resources 

OHFA strongly encourages lenders/servicers, taxing authorities, and other payees to waive 

late fees or any other expenses that are not paid to a third party. For subordinate lien 

extinguishments Lenders/servicers must agree to release homeowners from future obligations 

or judgments as part of the process and fully extinguish the lien(s). 
B-6-3 

16. Qualify as an 

Unemployment 

Program 

Yes No 
B-7-1 

SERVICE SCHEDULE B-7 

Ohio Housing Finance Agency (OHFA) 

Homeowner Stabilization Assistance Program 

Summary Guidelines 

1. Program 

Overview 

Under the Homeowner Stabilization Assistance (HSA) program, HHF will be 

provided to eligible borrowers through qualified non-profit entities (“Investment 

Partners”) that leverage HHF with private capital to purchase delinquent mortgage 

loans at a discount through the U.S. Department of Housing and Urban 

Development (HUD) Federal Housing Agency (FHA) Distressed Asset 

Stabilization Program (DASP) Neighborhood Stabilization Outcome (NSO) subpool auction sales. Investment Partners must be eligible to participate as a 

qualified FHA DASP-NSO bidder in Ohio. 

HHF will be used to leverage the purchase of loans within the FHA DASP-NSO 

offering, and will be applied to Program Eligible Outcomes. 

2. Program Goals The Homeowner Stabilization Assistance (HSA) program aims to keep families in 

their homes or provide families with support for an orderly property disposition and 

transition to new housing, which will help stabilize neighborhoods and housing 

markets. 

3. Target Population/ 

Areas 

The target population is owner occupants of properties that are included in an 

NSO loan pool under HUD’s DASP. 

4. Program Allocation 

(Excluding 

Administrative 

Expenses) 

Program allocation amount on file with Treasury.

5. Borrower Eligibility 

Criteria 

The homeowner must meet the following criteria: 

• Current gross household income equal to or less than 125 percent of the 

area median for a 5-person family from the county with the highest area 

median in Ohio; 

• Hardship due to involuntary loss or reduction in income, significant 

medical expenses, or unpaid mortgage balance significantly in excess of 

market value. 

6. Property/Loan 

Eligibility Criteria 

Properties must be single family detached one or two-unit owner-occupied 

residences located in Ohio. 

Must be first mortgage debt on the property and such debt must be less than the 

highest FHA maximum loan amount among all Ohio counties. 

7. Program Exclusions The following are excluded from participating in HSA: 

• Homeowners who previously received assistance from Ohio’s HHF program, 

or 

• Any properties purchased through the FHA DASP-NSO program that do not 

meet the criteria for homeowner eligibility or property eligibility as described 
B-7-2 

in sections 5 and 6 herein, or 

• Any properties purchased through the FHA DASP-NSO program that result in 

a foreclosure, except when a foreclosure follows a program eligible outcome 

by an eligible homeowner with an eligible property. 

8. Structure of 

Assistance 

OHFA will execute an agreement with the Investment Partner to provide HSA 

funds up to a maximum of $35,000 per eligible loan, acquired from FHA DASPNSO at closing. 

The Investment Partner will complete transfer of servicing and determine if the 

homeowner and property qualify for a Program Eligible Outcome within 180 days 

of (i) purchasing and servicing transfer of an eligible loan or (ii) investment with 

respect to a re-eligible loan. The Investment Partner will provide contact outreach 

with the homeowner for 12 months after commencement of a Program Eligible 

Outcome. 

If, after acquiring the loans, Investment Partner determines a Program Exclusion 

applies, then the Investment Partner will deposit funds in an escrow account from 

which funds may be released only to purchase other loans (“Replacement Loans”) 

which satisfy a Program Eligible Outcome within 18 months, or to repay the HHF. 

If an eligible or re-eligible loan does not result in a Program Eligible Outcome 

within 18 months, the HHF funds shall be repaid to HHF, unless OHFA provides 

written approval to place the funds in escrow until another Replacement Loan is 

acquired. 

When the Program Eligible Outcome is either a first Loan Modification or Lien 

Elimination, a portion of the assistance representing the difference between the 

current market value of the property and the permanently modified loan amount 

will take the form of a non-recourse, non-amortizing, zero-percent interest, five 

year loan secured by the property and repayable only from equity proceeds of a 

refinance or sale. The loan will be recorded as a first or subordinate lien. Twenty 

percent of the loan balance will be forgiven each year on the anniversary of the 

closing, and any remaining balance will be forgiven on December 31, 2017. 

When the Program Eligible Outcome is a short sale or deed-in-lieu of foreclosure, 

the Investment Partner will repay HHF $1,000. If the amount of HHF funds used 

to purchase the note is greater than the total of the amount of principal forgiveness 

and transition assistance received by the homeowner plus the allowable cost of the 

transaction, the Investment Partner will deposit the difference in escrow. Funds 

may be released from escrow to purchase additional eligible loans or to repay 

HHF at the end of the program. 

Program Eligible Outcomes Include:

• Modifications offered to and accepted by eligible homeowners with eligible 

properties; such modifications shall include principal reduction and 

forgiveness and result in a mortgage debt to income ratio of not greater than 

thirty-one percent of the gross household income, or 

• Loan extinguishments without any deficiency judgment, or 

• Short Sales to third party homeowner occupants offered to and accepted by 

eligible borrowers with eligible properties. Such Short Sales shall include 

extinguishment of the unpaid loan balance, waiver of deficiency judgment 

and borrower transition assistance, or 

• Deeds in Lieu of Foreclosure offered to and accepted by eligible 

homeowners with eligible properties. Such Deeds in Lieu shall include 

extinguishment of the unpaid loan balance, waiver of deficiency judgment, 
B-7-3 

and borrower transition assistance. 

9. Per Household Assistance The maximum program amount available per homeowner is $35,000. 

10. Duration of Assistance HHF funds will be provided in a lump sum payment to the purchase of qualified loan

within the FHA DASP-NSO offering, and will be applied to Program Eligible 

Outcomes for homeowners. 

11. Estimated Number of 

Participating Households

It is expected that the HSA program will assist approximately 450 households. 

12. Program Inception/ 

Duration 

The HSA program will begin upon the earlier of April 1, 2013 and the Seventh 

Amendment Date. The program is expected to continue until December 31, 2015 or 

when available funds are exhausted. 

13. Program Interactions 

with Other Programs 

(e.g. other HFA 

programs) 

Homeowners who participate in HSA will not be eligible to participate in other HHF 

programs. 

14. Program Interactions 

with HAMP 

Homeowners who have previously participated in HAMP are eligible for HSA. 

15. Program Leverage with 

Other Financial 

Resources 

Investment Partner shall utilize private capital on a pool basis, in addition to all HHF 

funds it is eligible to utilize on a per loan basis.

16. Qualify as an 

Unemployment Program 

Yes No 
B-8-1 

SERVICE SCHEDULE B-8 

Ohio Housing Finance Agency (OHFA) 

Neighborhood Initiative Program (NIP) 

Summary Guidelines 

1. Program 

Overview 

The Neighborhood Initiative Program (NIP) will fund strategically targeted 

residential demolition in designated areas within the state of Ohio by 

partnering with Land Banks or an entity that has signed a cooperative 

agreement with the Land Bank (together “Partners”). 

2. Program Goals The goal of the Neighborhood Initiative Program (NIP) is to stabilize 

property values by removing and greening vacant and abandoned properties 

in targeted areas in an effort to prevent future foreclosures for existing 

homeowners. 

3. Target 

Population/ 

Areas 

NIP will be offered to counties that have a Land Bank established per Section 

1724 of the Ohio Revised Code. Demolition activity will be limited to 

targeted areas defined by the Partners and approved by OHFA that are part of 

a comprehensive local strategy to stabilize home values and prevent 

foreclosure in the county. OHFA guidelines will ensure that demolition and 

greening will have a positive effect on preserving existing neighborhoods. 

4. Program 

Allocation 

(Excluding 

Administrative 

Expenses) 

Program allocation amount on file with Treasury. 

5. Property/Loan 

Eligibility 

Criteria 

Only vacant and abandoned one to four unit residential properties that qualify 

for lawful demolition under state or federal law and are approved under 

OHFA’s guidelines will qualify for this program. 

6. Ownership/Loan 

Eligibility 

Criteria 

Properties must be owned by the Partner. Properties must have a loan that 

can be modified or extinguished. 

7. Program 

Exclusions 

• Multifamily properties with 5 or more units and commercial 

structures. 

• Properties listed on a state or national historic register. 

8. Structure of 

Assistance 

OHFA will issue a Request for Proposals from the Land Banks and will 

execute agreements with Partners selected to participate in the program. 

Each Partner will be responsible for property acquisition (if applicable), 

environmental assessment and remediation, demolition, greening and 

ongoing maintenance of properties. 

Upon receipt and review of documentation of eligible acquisition, 

demolition, remediation, greening, maintenance and administrative expenses 

for qualified properties, OHFA will approve payment of up to $25,000 

Hardest Hit Funds per property to the Partner. 

The Partner will execute a non-recourse, non-amortizing, zero interest loan 

secured by the property for a term of three years after which it will be 

forgiven as long as covenants are met; outstanding balance of loan will be 

due on sale, transfer, or unauthorized use of the property. Mortgage will be 

in favor of Ohio Homeowner Assistance LLC (OHA) and recorded through 
B-8-2 

public records. Ongoing monitoring, repayments, and discharges will be 

conducted by OHFA/OHA. Any repayment of program funds will be reinvested back into program allocation. All funds remaining in the program 

will be returned to Treasury after December 31, 2017. Special considerations 

may be made by OHFA/OHA to release lien prior to the three year term 

based on merit of request and to promote positive economic impact to 

community as set forth in program guidelines. 

9. Per Property 

Assistance 

The maximum amount of assistance will be $25,000 per property which 

includes acquisition (if applicable), payoff of existing loan, approved 

demolition, remediation and greening of the site, maintenance and 

administration for up to three years. 

10. Duration of 

Assistance 

All assistance will be provided in one payment per property. 

11. Estimated 

Number of 

Properties 

Demolished 

Although the maximum amount of assistance is $25,000 per property, the 

estimated average amount of assistance is $12,000. Therefore the estimated 

total number of units demolished is 5,000. 

12. Program 

Inception/ 

Duration 

Contracts with Partners will be effective on or after January 1, 2014 and will 

expire December 31, 2017. 

13. Program 

Interactions 

with Other 

Programs (e.g. 

other HFA 

programs) 

Properties previously assisted under the Hardest Hit Fund program will not 

be eligible. 

14. Program 

Interactions 

with HAMP 

None. 

15. Program 

Leverage with 

Other Financial 

Resources 

No match will be required of Partners, so there is no direct leveraging, but it 

is expected that other public and private investment will be made in the target 

areas. 

16. Qualify as an 

Unemployment 

Program 

Yes No
Exhibit F 

FORM OF PROGRAM ALLOCATIONS/ 

PERMITTED EXPENSES CHANGE REQUEST

xx xx, 20xx

The United States Department of the Treasury 

Office of Financial Stability 

Homeownership Preservation Office 

Attention: Erin Quinn

The United States Department of the Treasury 

HFAinnovation@do.treas.gov 

Attention: HFA Hardest Hit Fund

Ladies/Gentlemen:

Reference is made to the Commitment to Purchase Financial Instrument and HFA 

Participation Agreement dated as of the date set forth on Schedule A thereto (as amended, 

supplemented or otherwise modified and in effect from time to time, the (“HPA”) by and 

among xx xx xx (“HFA”), x x x x x x (“Eligible Entity”), and the United States Department 

of the Treasury (“Treasury”)). Reference is also made to the Financial Instrument dated the 

date set forth on Schedule A to the HPA delivered by Eligible Entity to Treasury (the 

“Financial Instrument”). Capitalized terms used but not otherwise defined herein shall have 

the meaning given them in the HPA.

In accordance with Section 9.D. of the HPA, the undersigned Eligible Entity hereby 

requests that The Bank of New York Mellon (“BNYM”), on behalf of Treasury, adjust the 

program allocations or Permitted Expenses, as applicable, as set forth in the attached Exhibit 1 

and Exhibit 2.

HFA and Eligible Entity, as applicable, hereby certify to Treasury and BNYM, as of 

the date hereof, that:

(a) no default or Event of Default has occurred and is continuing as of the date 

hereof and on the Funding Date [other than ];

(b) each of the representations and warranties made by HFA and Eligible Entity in the 

HPA and Financial Instrument are true and correct on and as of such date, as if made 

on and as of the date hereof and on the Funding Date [other than ];

(c) HFA and Eligible Entity each have full corporate power and authority to enter into, 

execute, and deliver this Program Allocations/Permitted Expenses Change Request and 

any other documentation delivered to Treasury in connection with this Program 

Allocations/Permitted Expenses Change Request;

(d) HFA and Eligible Entity are in compliance with the covenants and other agreements 

set forth in the HPA and Financial Instrument, which shall remain in full force and 

effect [other than ];
(e) all data and information set forth in this Program Allocations/Permitted Expenses 

Change Request, including the attached Exhibits, is true and correct in all respects; and 

(f) to our knowledge, there have been no Acts of Bad Faith by any HHF Recipient [other 

than ]. 

In the event that any part of the certification made herein is discovered not to be true 

and correct after the date hereof, HFA or Eligible Entity, as applicable, shall notify Treasury 

immediately.

HFA:

[_______________________] 

By: 

Name: 

Title: 

ELIGIBLE ENTITY:

[_________________________] 

By: 

Name: 

Title: 
EXHIBIT 1 

Program Allocations 

Total Program Participation Cap:1

Portion of Program Participation Cap Representing Original HHF Funds:2

Portion of Program Participation Cap Representing Unemployment HHF Funds:3

Program Allocation/Permitted Expenses Change Request #:4

Current Program Allocations/Permitted Expenses Proposed Program Allocations/Permitted Expenses 

Program Allocation (i.e., Unemployment 

Mortgage Assistance Program):5

 

Program Allocation (i.e., Unemployment 

Mortgage Assistance Program): 

Other Program Allocation, if applicable:6 Other Program Allocation, if applicable: 

optional field for additional program optional field for additional program 

optional field for additional program optional field for additional program 

optional field for additional program optional field for additional program 

Permitted Expenses7 Permitted Expenses7 

Total8 Total8 

Footnotes: 

1: Represents total award/allocation, including program and administrative expenses. 

2. Insert N/A if not applicable. 

3. Insert N/A if not applicable. 

4. The number of reallocation changes under the streamlined allocation process, including the current request. 

5. Insert name of program and current dollar allocation (excluding administrative expenses). 

6. Insert name of other program(s) and current dollar allocation, if applicable. Insert N/A if not applicable. 

7. Grand total amount of current permitted administrative expenses, including one-time/start-up expenses, operating/administrative expenses, transaction related 

expenses, and counseling expenses. 

8. The sum of program allocation(s) and permitted administrative expenses should equal to the total award amount (total program participation cap). 
EXHIBIT 2 

Permitted Administrative Expenses 

 State 

 Current Proposed Difference 

 

 One-time / Start-Up Expenses: 

Initial Personnel 

Building, Equipment, Technology 

Professional Services 

Supplies / Miscellaneous 

Marketing /Communications 

Travel 

Website development /Translation 

Contingency 

 Subtotal 

 

 Operating / Administrative Expenses: 

Salaries 

Professional Services (Legal, Compliance, Audit, 

Monitoring) 

Travel 

Buildings, Leases & Equipment 

Information Technology & Communications 

Office Supplies/Postage and Delivery/Subscriptions 

Risk Management/Insurance 

Training 

Marketing/PR 

Miscellaneous 

 Subtotal 

 

 Transaction Related Expenses: 

Recording Fees 

Wire Transfer Fees 

 Counseling Expenses: 

File Intake 

Decision Costs 

Successful File 

Key Business Partners On-Going 

 Subtotal 

 

 Grand Total 
 

% of Total Award 

Award Amount