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Multifamily Loan Application & Checklist

Please send the complete application package with original signature (blue ink is always helpful) to the loan officer serving your state. If you have any questions as you work through the process, please do not hesitate to contact one of them.

If the project includes green-build methods and materials, it may qualify for priority in loan application processing. If applicable, please complete and sign the Green Lending Qualification Checklist - Housing and Community Facilities and submit with the loan application.

All of the documents numbered 1 - 18 are required as part of the loan application. Also required are as many of the documents numbered 19 - 28 that are available at this time. (This page may be printed and used as a hard copy checklist.)

    1. Loan application form (Please complete in detail and sign.)
    2. Loan Application Addendum - Summary Narrative (Please attach a narrative description of the project as per the suggested outline.) 
    3. Instructions for Resolution to Borrow and Resolution to Borrow (RCAC form or equivalent) 
    4. Assurances Statement for nonprofit corporation applicants (RCAC form) 
    5. Attorney’s Opinion Letter for Public Body and Tribal Applicants (criteria) 
    6. RCAC Environmental Questionaire – RCAC form or copy of Phase I Environmental Report
    7. Organizational chart
    8. Resumes of executive director and key staff
    9. Board of Directors list including: name, address, phone numbers and experience that member brings to the Board
    10. Development team members and experience
    11. Articles of Incorporation and Bylaws (including any amendments)
    12. Federal tax exempt letter
    13. Last two years financial statements (audited if available)
    14. Current interim financial statement
    15. Agency wide budget for current operating year
    16. Proposed Sources and Use of Project Funds (RCAC form or equivalent) 
    17. Affordability Analysis (RCAC sample format is available upon request.)  
    18. Proposed operating budget and source of repayment 

Please provide the items below that are available at this time. Documents that are not avaliable at this time will have to be provided at a later date if applicable to the loan type under consideration.

    1. Market study
    2. Purchase and sales agreement with addendum
    3. Preliminary title report
    4. Soils report
    5. Appraisal
    6. Location map
    7. Site plan
    8. Plans and specifications
    9. Itemized cost breakdown
    10. Management plan for project
    11. Survey
    12. Phase I environmental report
    13. Commitments from other funding sources, if applicable
 

Loans

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