Get documents about "Offer to Purchase Land Form
Description
Offer to Purchase Land Form document sample
Document Sample
NSP Grant #______________
FOR INTERNAL USE ONLY
NEW YORK STATE HOUSING FINANCE AGENCY
NEIGHBORHOOD STABILIZATION PROGRAM
INITIAL PROPERTY SET-UP
SECTION 1: GRANTEE INFORMATION
Grantee Name Address, City and State Zip Code
Contact Name Phone Number Email
Program Partner Address, City and State Zip Code
Contact Name Phone Number Email
Program Partner Address, City and State Zip Code
Contact Name Phone Number Email
SECTION 2: NSP ACTIVITY INFORMATION: (Select all that apply)
A: Financing Mechanisms B: Acquisition/Rehab – B: Acquisition/Rehab –
Acquisition Homeownership or Rental
Disposition* Homeownership/Rental Acquisition
Relocation Acquisition Disposition*
Direct Homeownership Disposition* Relocation
Assistance Relocation Rehabilitation
Rehabilitation Rehabilitation
Direct Homeownership
Assistance
C: Land Banking D: Demolition E: Redevelopment
Acquisition Clearance Acquisition
Disposition* Disposition*
Public Facilities and
Improvements
New Construction
Rehabilitation
Direct Homeownership
Assistance
*Disposition includes carrying costs and property maintenance.
Page 1 of 4 Version April 2010
NSP Grant #______________
FOR INTERNAL USE ONLY
SECTION 3: PROPERTY INFORMATION
Address
City State Zip Code County
Census Tract Block Group (if applicable)
Estimated Construction/ Estimated Construction/
Rehab Start Date Rehab Completion Date
PROPERTY STATUS: (select one)
Foreclosed Abandoned (per NSP definition) Blighted Vacant Residential Structure
Non-Residential Vacant Structure Vacant Lot - Date structure removed
SOURCE OF PROPERTY: (select one)
Tax Lien Foreclosure REO Privately Owned Publicly Owned
PURCHASE INFORMATION: (Fill in this section only if NSP funds are being used for acquisition.)
Purchase Price: $
Purchase Price Discount Percentage % Date of Final Offer
(Fill in only if funds are being used for Types A, B or C) to Purchase
As is Appraised Value $ Proposed or Actual
Closing Date
Value Upon Completion (if available) $ Date of Appraisal
Must be within 60 days prior to
OCCUPANCY COMPLIANCE: ( Final Offer to Purchase. )
1) Was the URA seller notification delivered?
Yes No
2) Was there a bonafide tenant in the property at time of foreclosure?
Yes No
a) If yes, do you or the successor in interest have documentation that complies with NSP's 90 day notice?
Yes No
i) If no, are you assuming the responsibilities for any penalties that may be required?
Yes No
ENVIRONMENTAL REVIEW:
Environmental review complete; did not require published notice and Request for Release of Funds (RROF).
Environmental review complete; did require published notice and Request for Release of Funds (RROF).
Authority to Use Grant Funds (AUGF) received. Date:
Statutory Checklist and required documents submitted to and approved by HFA.
Date: (if a Non-Profit Grantee)
Statutory Checklist completed and required documents collected and maintained by Grantee.
(if a Municipal Grantee)
Page 2 of 4 Version April 2010
NSP Grant #______________
FOR INTERNAL USE ONLY
SECTION 4: PROPOSED REUSE
Single Family # of units (1-4 units) Homeownership Rental Both
# of Homeowner Units
# of Rental Units
# of Low Income (≤ 50% AMI) Units
# of Moderate Income (> 50% to ≤ 80% AMI) Units
# of Middle Income (> 80% to ≤ 120% AMI) Units
Multifamily # of units Rental Only
# of Low Income (≤ 50% AMI) Units
# of Moderate Income (> 50% to ≤ 80% AMI) Units
# of Middle Income (> 80% to ≤ 120% AMI) Units
Land Banking Only:
Interim Use:
SECTION 5: TOTAL NSP AMOUNT OF
PROPOSED BUDGET * BUDGETED BUDGETED NSP FUNDS
AMOUNT AMOUNT OBLIGATED
Acquisition
Demolition
Soft Costs
Hard Costs
Disposition/ Holding Costs
Housing Counseling
Other Costs
Developer Fee
TOTAL $0.00 $0.00 $0.00
Homebuyer Assistance Only
* Preliminary budget acceptable if property is at acquisition stage.
Page 3 of 4 Version April 2010
NSP Grant #______________
FOR INTERNAL USE ONLY
Please check below each document being submitted with this form. All required documents indicated
below must be submitted; disbursements will not be processed without all required documentation.
Please name each file by the title indicated in italicized brackets below. This form and all
accompanying files should be submitted in one email. (Note: These documents do not need to be
submitted if activity is limited to Homebuyer Assistance)
Disbursement Form (if requesting disbursement at this time) [Disbursement Form]
Copies of Property Insurance Certificate, updated annually (Uses B, C, and E) [Property Insurance]
Purchase Agreement (or other documentation confirming site control for Use D) [Purchase Agreement]
Appraisal Report indicating As-is Value (required) & Value Upon Completion (if available)
(Uses B, C and E) [Appraisal]
Proof of Abandonment (Use B) or Foreclosure (Uses A, B and C) as applicable
[Proof of Abandonment] or [Proof of Foreclosure]
Proof of Blight (Use D) [Proof of Blight]
Proof of Vacancy (Use E) [Proof of Vacancy]
Title Report and Title Policy Proposal [Title Report] and [Title Policy Proposal]
Evidence of Funding Commitments for all Project Costs, as applicable [Evidence of Funding
Commitments]
The Grantee certifies the following as of the date of submission of this Initial Property Set-Up form:
● The above information is true and correct and has complied with all terms, conditions and requirements of
the New York State Housing Finance Agency Neighborhood Stabilization Program ("NSP") including but
not limited to documentation of eligible activities, required property acquisitions limitations, appraisal
requirements, and documentation of household income limitations;
● The original copies of the documents submitted as part of this Initial Property Set-Up form are on file
with the Grantee at their place of business and are identical to the documents that have been submitted;
● The property financed with NSP funds will meet the housing quality standards as set forth in the New
York State HFA NSP Substantial Amendment;
● The property financed with NSP funds will meet the lead-based paint requirements of 24CFR Part 35;
● The above referenced property and proposed activity(ies) are an eligible use of NSP funds;
● The Local Program is in an Area of Greatest Need and directly benefits Low Income, Moderate Income
and/or Middle Income residents;
● The Grantee has obtained, or has reasonable assurances that it will obtain, all federal, state and local
government approvals and reviews required by law to be obtained by the Grantee for the Project.
Signature of Officer or Authorized Non-Officer Date
Page 4 of 4 Version April 2010
