Rrdl administrator Project File Checklist



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RRDL Administrator Project File Checklist
(Include completed copy in project file)



     

Project Name





     




     

Project Address




Project City,State,Zip




     

Applicant Name





     




     

Applicant Address




City,State,Zip

(* MHFA supplied form; ~information available on MHFA's website, H-help text document)



Application:

1




*

RRDL Borrower's Application


2




*

Applicant Certification of Environmental Issues


3




H

Evidence of site control

4




~

Articles of Organization / Incorporation OR Copy of Driver's License for individuals (Ownership documentation)

5




H

Property Insurance Binder or Certificate

6




H

  • Property value

7







Photographs of property and deficient items to be improved

8







Leverage commitment letters

9







Zoning Letter


Credit worthiness:

10







Two years tax returns including Forms 1040, K1, and Schedule E.

11







Credit Report from one of 3 major firms with minimum score of 640 or its equivalent.


Additional Financial and Credit Worthiness for Legal Entities:

12







13




*

  • Personal Finance Statement

14







  • Two years audited financials


Tenant Information:

15







A copy of the current lease

16







Tenant Relocation Plan - if applicable







*

Characteristics of Tenant Households- submit the following in Excel Format:


17




*

Development Information – Program Code = RRDL

18




*

Characteristics of Tenant Households Report

19




*

Government Data Practices Act Disclosure Statement with Attachment 4

20




*

Lead Addendum

21




*

Protect Your Family From Lead in Your Home

22




*

Renovate Right: Important Lead Hazard Information

23




*

  • Affirmative Fair Housing Marketing Plan - Multifamily


Selection Criteria:

24




*

Selection Priorities Certification Form

25




*

Community Profile Report for Property


Inspections:

26




*

Physical Needs Assessment (PNA)

27







Lead Assessment Report, if property was built prior to 1978

28




*

Lead-Based Paint Summary Sheet & Checklist for Rehabilitation- NEW FORM IN DEVELOPMENT

29







Asbestos Inspection/Assessment, when applicable.


Scope of Work, Bidding & Contract Awards:

30




*

Sustainability Requirements for Limited Scope Projects

31







Scope of Work

32




*

Abbreviated Design Standards for Limited Scope Projects

33







Bid Package

34







  • AIA Architect Agreement between borrower and architect, if applicable

35







  • Architect Certificate of Insurance, if applicable

36




*

Bid Activity Report

37







Bids for selected and non-selected single prime general contractor

38







  • AIA Construction Contract between borrower and selected single prime general contractor

39







License of selected single prime general contractor

40







Contractor's Certificate of Insurance

41




*

Sworn Construction Statement (for End Loans) or AIA G703-4 Pay Form(for Construction Loans)

42







Building permits


Loan Commitment & Loan Closing


43




*

Minnesota Multifamily Rental Housing Common Application Form, Section I - VIII & all supporting tabs except the HOME unit deter and Cash on Cash tabs

44







  • Certification and Borrower's Resolution

45




*

Letters of consent from existing mortgage holders other lenders

46







Owner's and Encumbrance Report – acceptable for loans $100,000 or less in place of Title Commitment Policy.

47







Title Commitment Policy

48







Copy of all senior mortgages

49







Title Insurance Proforma, if applicable

50







  • Certificate of Good Standing (must be current within 30 days of closing)

51







Pay off letters from interim construction lenders

52







Settlement Statement from Title

53




*

Mortgage Loan Commitment

54




*

Mortgage Note

55




*

Mortgage - To be recorded

56




*

Declaration of Covenants, Conditions and Restrictions - To be recorded

57




*

Regulatory Agreement - To be recorded

58




*

Building Loan Agreement (Construction Only)

59




*

Assignment of Rents & Leases (Construction Only) - To be recorded

60




*

Disbursement Agreement (Construction Only)

61




*

Assignment of Construction Contract (Construction only)

62




*

Assignment of Architect's Contract (Construction only)

63







Escrow Agreement


Construction:

64







Notice to Proceed

65







AIA Construction Pay Requests with supporting lien waivers

66




*

Draw Requisition - Borrower's

67




*

Change Order(s)

68







AIA Construction Final Pay Requests with final lien waivers

69







Loan Modification Request

70




*

End of Construction/Closeout Checklist


Post Construction & Project Closeout:

71




*

Completion Certificate

72




*

Certificate of General Contractor

73




*

Minnesota Multifamily Rental Housing Common Application Form, Section I - VIII & all supporting tabs except the HOME unit deter and Cash on Cash tabs

74




*

Characteristics of Tenant Households and Development Info (Excel Format)

75







All RRDL Legal Documents including recorded copy of Mortgage, Declaration of Covenants, conditions, and Restrictions, Regulatory Agreement, and Assignment of Rents and Leases.

76







Photographs, construction completed

77







Project Management Fee Schedule Project Summary



Notes:


RRDL Administrator Project Profile Checklist

of 4


April 2013v2



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