Sec. 515 Multi-Family Housing Preservation and Revitalization - Private Sector

Section 515 Multi-Family Housing Preservation and Revitalization Restructuring (MPR) Demonstration Program

0575-0190 Nonform Placeholder

Sec. 515 Multi-Family Housing Preservation and Revitalization - Private Sector

OMB: 0575-0190

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Control No. 0575-0190

“Section 515 Multi-Family Housing Preservation and Revitalization Restructuring (MPR) Demonstration Program”

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MPR Application

MPR Conditional Commitment

Debt Deferral Agreement

Restrictive-Use Covenant

Restrictive-Use Subordination Agreement

Form of Legal Opinion

MPR Grant Agreement

MPR Loan and Grant Resolution (Non-Profit Corporation)

Restructuring Conditional Commitment

Addendum to Debt Deferral Agreement

Credit Report

Proof of System for Award Management (SAM) registration.

Discrimination Complaints 

Compliance with Other Federal Requirements. 

Exception Requests.   

Market Feasibility. 

 Notification of Other Assistance.   

Written Contract for Legal Services. 

Property, Liability, and Fidelity Insurance, Surety Bonding. 

Cost Overruns. 

Adequacy of Initial Operating Capital.   

Establish Reserve Account.   

Evidence That Funds from Other Sources Are Available. 

Architect’s Statement Certifying Substantial Completion

 

Evidence That Agency-Approved Accounting System Is in Place. 

Subsequent Loan Requirements. 

Management Plan. 

 Revisions to Management Plan. 

 Written Request for Agency Approval of Management Entity

 Management Agreement

Capital Needs Assessment

 Eviction of Tenants Who Do Not Recertify

 Request to Rent to Ineligible Occupants:

 Tenant Application Forms. 

 Authorization for Information Verification. 

 Waiting Lists

 Notification to Ineligible Applicants/Rejections. 

 Lease/Lease Modifications. 

 Occupancy Rules. 

 Notice of Lease Violation. 

 Occupancy Termination Notice

 Tenant Protection and Grievance Procedures. 

 Notification to Tenant of Adverse Action. 

 Grievance Or Response to Adverse Action. 

 Summary and Submission of Problem

 Escrow for Tenant Payments. 

 Certification That Funds from Other Sources to Reduce Rents Will Not Be Paid From Agency Funds. 

 Request for Rent Changes

 Summary of Tenant Comments

 Documentation That There Are No Very Low-Income Households or That Occupancy by Low-Income Households is Limited

Rental Subsidies From Non-Agency Sources

 

CPA Certification of Separate Accountability

Withdrawal of Initial 2 Percent

Maintain Reserve Funds Accounts

Request for Approval of Advancement of Owners Funds.

Reports. 

Response to Agency Notification of Deficiencies or Violations. 

Request for Payoff. 

Documentation of Organization Structure/Changes In Ownership Entity/Agency Approval For Ownership Changes Or Sales.   

Signed Agreement Listing All Known Repairs. 

Financial Reports for Transferee/Buyer. 

No Liens, Judgments

Certification That Equity Payments to Borrower Will Not Be Paid from Project Funds (Identify Sources)

Applicable Restrictive Use Agreement to Be Executed By Transferee/Borrower. 

Written Consent for Subordination and Junior Liens. 

Filing of Financing Statement, Loan Document Or Contract And Security Agreement

Workout Agreements/Revised Agreements. 

Special Servicing Rent. 

Termination of Management Agreement. 

Bill of Sale Itemizing Chattel Property

Letters of Credit for Additional Security. 

Special Borrower Circumstances. 

Certification That Farm Workers Are Involved in Applicant’s Agricultural Operations. 

Certification That Operations Will Be Conducted in A Nonprofit Manner. 

Additional Security for Loans

Prepayment Request. 

Posting Prepayment Notices. 

 

Tenants May Request LOPE. 

Borrower Must Accept or Reject Incentive Offer.

Appraisal Reports. 

Borrower May Offer to Sell to Nonprofit. 

Provide Interested Entities with Information Regarding Project and Provide Additional Materials Requested by Interested Parties. 

Document Compliance with Restrictive Use Provisions. 

Notification of Unauthorized Assistance. 

Corrective Actions by Tenants or Borrowers. 

Submit Proposed Tenant Repayment Arrangements. 

Recapture of Unauthorized Assistance.

Environmental Report.



File Typeapplication/vnd.openxmlformats-officedocument.wordprocessingml.document
AuthorBrown, Kimble - RD, MD
File Modified0000-00-00
File Created2024-09-08

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