OPG 9.10 OAHP Reat Multi-Purpose Form

10/7/2003

Mark-to Market
RECAP MULTI-PURPOSE FORM

Form 9.10

TO: Recap Branch 2, Attn: Sula Miller
FROM:

OMB No. 2502-0533
(Exp, 12/31/2017)

ASSET INFORMATION:
ASSET NAME
FHA NUMBER
ITEM DESCRIPTION(S)
(eg, REDA Time Extension, Scope of Work Modification, Excess Funds Guidance, Other Special Circumstance or Inquiry)

The below must be completed for all requests. Attach the form 9.11 or additional pages as needed.
M2M Closing Date:
REDA Expiration Date
(1-Yr. Anniversary of Closing Date):
If Applicable:
Proposed New Expiration Date:

Original Escrow Balance:
Current Escrow Balance:
Interest Earned to Date:
Current Escrow Balance Incl. Interest Earned:

(Excluding interest)

Funds Disbursed to Date:
Final Disbursement Date:
Rehab Yet To Be Completed ($Amount):
Surplus (Including Interest):

$0.00

(Auto-calculation)

$0.00

(Auto-calculation)
(Auto-calculation)

Justification/Reasons for the Request (Should include: reasons for the delay; what work has been completed; what work remains; for scope of work changes or additiona
repairs, the PAE must also address if the item was or was not considered in the M2M plan, and if so, in which R4R years and cost per year

ALL signers of the original REDA must provide their concurrence of and/or comments on the request, which are signed only by the REA. Attach the form 9.11, only for comments.
Although not a party to the REDA, HUD should consulted as required by REAT policy and procedures.
Owner

Agrees

Disagrees

Add'l Info Needed

PAE

Print Name of Authorized Official
Signature
Rehab Escrow Administrator

Agrees

Disagrees

Add'l Info Needed

Print Name of Authorized Official
Date

Disagrees

Agrees

Signature

Add'l Info Needed

MF HUD Project Manager

Agrees

Date
Disagrees

Add'l Info Needed

(IfApplicable)
Print Name of Authorized Official
Signature

Print Name of Authorized Official
Date

Signature

Date

If this Form 9.10 is submitted to close out the escrow, the REA must complete the following section:
I, the undersigned, as REA, hereby certify that all work required under the REDA and Exhibit A has been satisfactorily completed and inspected, and that any excess funds have been
applied to the Mortgage Restructuring Note or Contingent Repayment Restructuring Note on {Enter Date Here} or as approved by the REAT Manager on {Enter Date Here}
in the amount of ${Enter Excess Balance}. The enclosed represents the accounting ledger detailing the escrow account's activity. In addition, the Resource Desk has been
updated to reflect the final status of the work and account; as such, the print out is enclosed. This escrow is now closed.
Name of Authorized Official - Rehab Escrow Administrator
Signature

Date

This Request is Submitted by:
Name of Authorized Official

Signature

Date

OAHP REAT Evaluation:
Specialist's Recommendation:

Approve

Deny

Manager's Decision:

Name of Authorized Official - Recap - Rehabilitation Escrow Specialist

Date
Approved

Denied

Name of Authorized Official - Recap - Deputy Assistant Secretary

Signature

Denied

Refer to HQ

Name of Authorized Official - OAHP - Manager, Rehabilitation Escrow Administration

Signature
HQ-DAS Action (If Applicable):

Approved

Date

Signature

Date

COMMENTS OR CONDITIONS - FOR INTERNAL REAT STAFF USE ONLY

Public reporting burden for this collection of information is estimated to average 1 hour per
response, including the time for reviewing instructions, searching existing data sources,
gathering and maintaining the data needed, and completing and reviewing the collection of
information. This information is required to obtain benefits. The Office of Multifamily Housing,
Office of Recapitalization, 451 7th Street SW, Room 6230 Washington, DC 20410. HUD may
not collect this information, and you are not required to complete this form, unless it displays a
currently valid OMB control number. Title V of the Departments of Veterans Affairs and
Housing and Urban Development and Independent Agencies Appropriations Act of 1988
(P.L.105-65, 111 Stat. 1384) authorizes the FHA Multifamily Housing Mortgage and Housing
Assistance Restructuring Program. HUD implemented a statutory permanent program directed
at FHA-insured multifamily projects that have project- based Section 8contracts with abovemarket rents. The information collection is used to determine criteria eligibility of FHA-insured
multifamily properties for participation in the Mark to Market program and the terms on which
participation should occur. The purpose of the program is to preserve low-income rental housing
affordability while reducing the long-term costs of Federal rental assistance. While no
assurances of confidentiality are pledged to respondents, HUD generally discloses this data only
in response to a Freedom of Information request.