Multifamily Bonds. In connection with the issuance of Florida Housing’s Multifamily Bonds, Special Counsel, whether serving as Special Counsel or as disclosure counsel, in bond transactions (other than remarketing issues), shall be paid the following fees: TABLE 2 MULTIFAMILY BONDS Size of Bond Issue Fee for Disclosure Counsel Fee for Special/ Real Estate Counsel Up to $15,000,000 $20,000 $30,000 $15,000,001- $25,000,000 $20,000 plus $.875/$1,000 of bond amount over $15,000,000 $30,000 plus $.875/$1,000 of bond amount over $15,000,000 $25,000,001 and above $28,750 plus $.65025/$1,000 of bond amount over $25,000,000 $38,750 plus $.65025/$1,000 of bond amount over $25,000,000
Multifamily Bonds. The GSEs will acquire newly issued Eligible Bonds that finance multifamily projects under the New Issue Bond Program, subject to the Program Limits set forth in Appendix E. Such bonds may be issued under: (i) existing or new multifamily only non-parity indentures and (ii) new multifamily only parity indentures (collectively, “Permitted Indentures”). For multifamily loans originated with proceeds of bonds issued under a Permitted Indenture under the New Issue Bond Program, GSEs will underwrite such loans pursuant to a multifamily underwriting standard developed by and acceptable to the GSEs, FHFA and Treasury for such Program or such loans will be subject to credit enhancement provided by the GSEs, FHA or GNMA. The GSE Security backed by these Eligible Bonds will have a Partial Guarantee and be subject to Loss Sharing with Treasury as described in Appendix D. This Section does not apply to the underlying loans financed by VRDOs supported by the TCLF Program. Appendix B Multifamily Credit Enhanced Bonds
