BOND CONVERSION BOND FORWARD COMMITMENTS
UNDERWRITING SUBMISSION New Construction Substantial Rehab
LIST
(Also see checklist for
HUD/other program
specific submission
requirements,
includes historic
rehab)
Document Document Name
1 Conversion Investment Brief x x
Executed Credit Exception Requests
2 (if any) x x
Executed Legal Exception Requests
3 (if any) x x
Seller's Representations and
Warranties that Conditions for
4 Conversion have been met x x
Borrower Certification of Financial
5 Condition (Form 1115 or 1147) x x
Borrower and Borrower Principal
6 Financial Statements (or Form 1147) x x
Seller Certification of
Borrower/Principal Credit (Form 1113
7 or 1147) x x
Borrower's organizational documents
8 (or Form 1147) x x
Real Estate Schedule (Form 1116 or
9 1147) x x
Updated Credit Reports (within 60
10 days of conversion) x x
11 Seller's Updated Pro Forma x x
Certified Rent Schedules used to
12 show 90% occupancy for 90 days x x
Certified Current Rent Schedule
13 (dated within 45 days of conversion) x x
Certified actual property operating
14 statements for trailing 3 months x x
Laundry Lease, if applicable (or Form
15 1147) x x
Commercial and Other Leases, if
16 applicable x x
Freddie Mac Multifamily Targeted Affordable Housing Bond Conversion Underwriting Submission List
Page 1 of 3 March 2009
Document Document Name New Construction Substantial Rehab
Final Multifamily Property Inspection
17 Form x x
Property Inspection Summary (Other
Property Owned by Borrower), if
18 applicable (Form 1114) x x
Certification from the construction
lender that the Borrower is in good
19 standing under the construction loan x x
Abstract of business terms of Ground
20 Lease, if applicable (Form 461) x x
Abstract of business terms of
Subordinate Debt, if applicable (if not
21 delivered previously) x x
All Fully-executed Regulatory
Agreements (if not delivered
22 previously) x x
23 As-built survey, if applicable x x
24 Title Binder or Commitment x x
Evidence that Tax Abatement is in
effect at the property level, if
25 applicable x x
26 Copies of IRS Form 8609 x x
Updated appraisal (if additional
proceeds are requested at
27 conversion) x x
28 Property Tax information x x
29 Evidence of Insurance (Form 1133) x x
Personal Property Exclusion List, if
30 applicable x x
Current management agreement (or
31 Form 1147) x x
Authorization to use mortgage
32 information x x
Copies of all applicable business
33 licenses x x
Post-construction
Analysis/Construction Completion
34 Confirmation Report x x
Borrower Certification of total project
35 cost (hard and soft costs) x x
Borrower Certification of Property
Physical and Environmental
36 Condition (Form 1117) x x
37 Final Environmental Phase I Report x x
Freddie Mac Multifamily Targeted Affordable Housing Bond Conversion Underwriting Submission List
Page 2 of 3 March 2009
Document Document Name New Construction Substantial Rehab
Moisture Management Plan (or Form
38 1147) x x
40 IRS Form 8823, if applicable x x
Seller Certification and Disclosure of
any 2530 issues relating to the
Sponsor and Property Manager, if
41 applicable x x
Freddie Mac Multifamily Targeted Affordable Housing Bond Conversion Underwriting Submission List
Page 3 of 3 March 2009