rmajette on PROD1PC67 with NOTICES
Federal Register / Vol. 71, No. 18 / Friday, January
27, 2006 / Notices
substitute for multifamily construction experience.
each loan it underwrites or contract these services to another capable entity
Lender Responsibilities: Lenders will be responsible for the full range of loan origination, underwriting, management, servicing, compliance issues, and property disposition activities associated with their projects. The lender will be expected to provide guidance to the prospective borrower on the RHS requirements during the application phase. Once the guarantee is issued, the lender is expected to service
Discussion of NOFA
Content of NOFA Responses: All responses require lender information and project specific data. Incomplete responses will not be considered for funding. Lenders will be notified of incomplete responses. Complete responses are to include a signed cover letter from the lender on the lender’s letterhead and the following information:
(1) Lender certification—The lender must certify that the lender will make a loan to the prospective borrower for the proposed project, under specified terms and conditions subject to the issuance of the GRRHP guarantee. Lender certification must be on the lender’s letterhead and signed by both the lender and the prospective borrower.
(2) Project specific data—The lender must submit the project specific data below on the lender’s letterhead, signed by both the lender and the prospective borrower.
Insert the lender’s name.
Lender Tax ID #
Insert lender’s tax ID #.
Lender Contact Name
Name of the lender contact for loan.
Lender’s complete mailing address.
Phone # for lender contact.
Insert lender’s fax #.
Insert lender contact e-mail address.
Borrower Name and Organization Type
State whether borrower is a Limited Partnership, Corporation, In- dian Tribe, etc.
Tax Classification Type
State whether borrower is for profit, not for profit, etc.
Borrower Tax ID #
Insert borrower’s tax ID #.
Borrower Address, including County
Insert borrower’s address and county.
Borrower Phone #
Insert borrower’s phone #.
Principal or Key Member for the Borrower
Insert name and title.
Borrower Information and Statement of Housing Development Expe- rience
Attach relevant information.
New Construction, Acquisition With Rehabilitation, or the Revital- ization, Repair, and Transfer Cost of Existing Direct Section 515 Housing
State whether the project is new construction or acquisition with re- habilitation. Transfer costs are subject to Agency approval and must be an eligible use of loan proceeds listed in 7 CFR 3565.205.
Project Location Town or City
Town or city in which the project is located.
County in which the project is located.
State in which the project is located.
Project Zip Code
Insert zip code.
15:17 Jan 26, 2006