Common use of HAP Contracts Clause in Contracts

HAP Contracts. (Section 8). 1. Modifications to Multifamily Loan and Security Agreement – Addenda to Schedule 2 – Summary of Loan Terms (Section 8 HAP Contract) (6102. 2. Modifications to Multifamily Loan and Security Agreement (Section 8 HAP Contract) (6216). 3. Choose only the applicable one: (a) Assignment of Housing Assistance Payments Contract (6403). (b) Assignment of Housing Assistance Payments Contract (Credit Enhancement) (6404). 4. Choose only the applicable one: (a) Consent to Assignment of HAP Contract to FNMA as Security for FNMA Credit Enhancement (6411). (b) Consent to Assignment of HAP Contract as Security for FNMA Financing (6412). 5. When a Rent Restabilization Reserve is required: (a) Modifications to Multifamily Loan and Security Agreement – Addenda to Schedule 2 – Summary of Loan Terms (Restabilization Reserve) (6102.18). (b) Modifications to Multifamily Loan and Security Agreement (Restabilization Reserve) (6233). 6. For use when the Mortgaged Property is encumbered by an agency regulatory agreement or recorded use restriction under which all or a portion of the residential units are restricted for occupancy by tenants with limited incomes and which restricts the rents that can be charged for those units: (a) Modifications to Multifamily Loan and Security Agreement – Addenda to Schedule 2 – Summary of Loan Terms (Rent Restriction Agreement - Scorecard Exclusions for Affordable Housing) (6102.23). (b) Modifications to Multifamily Loan and Security Agreement (Rent Restriction Agreement - Scorecard Exclusions for Affordable Housing) (6253). 7. Section 8 Housing Assistance Payments (HAP) Contract Review Sheet and Certification (6422).

HAP Contracts. (Section 8). 1. Modifications to Multifamily Loan and Security Agreement – Addenda to Schedule 2 – Summary of Loan Terms (Section 8 HAP Contract) (6102. 2. Modifications to Multifamily Loan and Security Agreement (Section 8 HAP Contract) (6216). 3. Choose only the applicable one: (a) Assignment of Housing Assistance Payments Contract (6403). (b) Assignment of Housing Assistance Payments Contract (Credit EnhancementEnhancements) (6404). 4. Choose only the applicable one: (a) Consent to Assignment of HAP Contract to FNMA as Security for FNMA Credit Enhancement (6411). (b) Consent to Assignment of HAP Contract as Security for FNMA Financing (6412). 5. When a Rent Restabilization Reserve is required: (a) Modifications to Multifamily Loan and Security Agreement – Addenda to Schedule 2 – Summary of Loan Terms (Restabilization ReserveRent Restabilization) (6102.18). (b) Modifications to Multifamily Loan and Security Agreement (Restabilization Reserve) (6233). 6. For use when the Mortgaged Property is encumbered by an agency regulatory agreement or recorded use restriction under which all or a portion of the residential units are restricted for occupancy by tenants with limited incomes and which restricts the rents that can be charged for those units: (a) Modifications to Multifamily Loan and Security Agreement – Addenda to Schedule 2 – Summary of Loan Terms (Rent Restriction Agreement - Scorecard Exclusions for Affordable Housing) (6102.23). (b) Modifications to Multifamily Loan and Security Agreement (Rent Restriction Agreement - Scorecard Exclusions for Affordable Housing) (6253). 7. Section 8 Housing Assistance Payments (HAP) Contract Review Sheet and Certification (6422).

HAP Contracts. (Section 8). 1. Modifications to Multifamily Loan and Security Agreement – Addenda to Schedule 2 – Summary of Loan Terms (Section 8 HAP Contract) (6102. 2. Modifications to Multifamily Loan and Security Agreement (Section 8 HAP Contract) (6216). 3. Choose only the applicable one: (a) Assignment of Housing Assistance Payments Contract (6403). (b) Assignment of Housing Assistance Payments Contract (Credit EnhancementEnhancementsEnhancement) (6404). 4. Choose only the applicable one: (a) Consent to Assignment of HAP Contract to FNMA as Security for FNMA Credit Enhancement (6411). (b) Consent to Assignment of HAP Contract as Security for FNMA Financing (6412). 5. When a Rent Restabilization Reserve is required: (a) Modifications to Multifamily Loan and Security Agreement – Addenda to Schedule 2 – Summary of Loan Terms (Rent Restabilization Reserve) (6102.18). (b) Modifications to Multifamily Loan and Security Agreement (Restabilization Reserve) (6233). 6. For use when the Mortgaged Property is encumbered by an agency regulatory agreement or recorded use restriction under which all or a portion of the residential units are restricted for occupancy by tenants with limited incomes and which restricts the rents that can be charged for those units: (a) Modifications to Multifamily Loan and Security Agreement – Addenda to Schedule 2 – Summary of Loan Terms (Rent Restriction Agreement - Scorecard Exclusions for Affordable Housing) (6102.23). (b) Modifications to Multifamily Loan and Security Agreement (Rent Restriction Agreement - Scorecard Exclusions for Affordable Housing) (6253). 7. Section 8 Housing Assistance Payments (HAP) Contract Review Sheet and Certification (6422).