4-12. Design Architect Certification [DsgnArchCert] Section 5: Legal, Property Documents& Misc. Requirements 5-1. A. If Purchase, Purchase and Sale Agreement [LndCtrt] [BldgCtrt] . Amendments or Extension Agreements to Purchase and Sale Agreement B. Last Arm’s Length Certification 1. Purchase contract or Settlement Statement [LndStlmt] C. Intergovernmental Review, SF-424 [424] 5-2. Title A. Title Report - liens, secured transaction, Conveyance, Mortgage, Judgments [Ttle]. B. Forma – 2006 ALTA Title Insurance Policy ALTA Form Environmental Endorsement [AltaTtleIns] ALTA Form Comprehensive Endorsement . ALTA Form Endorsement deleting Arbitration Clause ALTA Location of Improvements Endorsement Exception Documents 5-3. ALTA/ACSM Land Title Survey [AltaSurvey] Easements and Maintenance Agreements Existing Proposed 5-4. Evidence of compliance [ZoningCompl] Zoning . Building Codes Verification of Zoning and Code Variances 5-5. Municipal services and other utility assurance letters Electricity [Elec] Natural Gas [Gas] Telephone [Tele] . Cable Television [CTV] Water and Sewer Service [WtrSwr] . Garbage Collection [Gdg] Storm Sewer [StmSwr] 5-6. Commercial Space Leases [CmLse] .. 5-7. Land Lease (Ground Lease) [GndLse] 5-8. Real Estate Tax Abatement/Exemption [TxExmpAbatmt] Evidence of abatement or exemption [Abmt] Form FHA-1708, Agreement for Payment of Real Property Taxes [1708] . Section 6: Additional Funding Requirements Page 5 of 9
6-1. Grants and/or Loan [GntsLns] A. Commitment letter 6-2. Bond Financing [BndFin] A. Itemized costs of issuance, discounts and financing fees to be paid out of pocket by mortgagor and explanation regarding the necessity of each cost... 6-3. Tax Credits [TxCrd] Letter of commitment/or reservation from tax credit syndicator or investor (specifying equity amount and pay-in schedule)... Acknowledgment/Release (Addendum 9 of HUD Notice H 95-4)... Source and Use Statement HUD-2880, Applicant/Recipient Disclosure/Update Report Bridge Loan agreements... Subsidy Layering Review Final Limited Partnership or Operating Agreement (Firm Commitment)... Section 7: Mortgagor (Section 7 & 8 Separately Bound) 7-1. Organizational Chart [OrgCht]... 7-2. Organizational Documents ( if applicable, if ownership entity has been formed at time of Firm Commitment) [OrgDocs] A. Corporate Articles of Incorporation... Bylaws... Authorizing Resolutions... B. Partnership Partnership Agreement... Certificate of Partnership... Authorizing Resolutions... C. Limited Liability Company Articles of Organization... Operating Agreement... Authorizing Resolutions... 7-3. Nonprofit Mortgagor HUD-3433:Eligible Nonprofit(portions relevant to refinance or acquisition)[3433] Detailed explanation of motivations for project... 7-4. APPS Certification, Form HUD-2530 submitted for each principal/Resume [2530]... 7-5. Mortgagor’s Resume [MtrgResume].... 7-6. Credit Reports required for each new general partner, limited partner more than 25% interest, stockholder more than 10% interest, added to mortgagor entity. Substantial Rehab, FHA Insured Project, changes in ownership subject to Handbook 4350.1; Insured Project Servicing Handbook transfer of physical assets (TPA).[TPA] Page 6 of 9