Exhibit B-5 to Subpart C of Part 1930 - Outline for Owner Who Proposes Owner-Management of a Multiple Family Rental or Labor Housing Project

Farmers Home Administration (FmHA) or its successor agency under Public Law 103-354 expects that Multiple Family Housing (MFH) property and program financed by the Agency will be managed to comply with authorizing statutes and regulatory requirements in meeting the objective of providing decent, safe, and sanitary housing for eligible tenants and members.

The following outline is intended to be a guide that the borrower can use in describing the level and quality of services that the borrower plans to provide in the management of an MFH project. The borrower is encouraged to add those items it deems appropriate and to delete any that do not apply. Response to the outline will be used by FmHA or its successor agency under Public Law 103-354 to evaluate the level and quality of project management planned by the borrower when the borrower plans to provide the project management.

1.Provide name of owner, address, and the name and location of project. State the number or rental units in the proposal.

2.Provide information about your previous projects, regardless of the source of financing, including mortgage relief and foreclosure history along with an explanation of the circumstances that led to such actions.

3.List names and addresses of management agents who manage your previously or presently owned projects, if any.

4.Describe your understanding of the responsibilities connected with owning and managing an MFH project under FmHA or its successor agency under Public Law 103-354.

5.Outline your experience and capabilities in providing housing for low- and moderate-income tenants.

6.Describe your intended tenure of ownership and the extent of personal involvement in operating and managing this project.

7.Describe any identities of interest as described in paragraph V B of exhibit B of this subpart.

8.Describe your intentions and capacity to meet negative cash flow situations.

9.Describe your plans for the management and maintenance of the proposed project. If you intend to manage the project, describe your own management capacity by answering applicable portions of exhibit B-4 of this subpart.

10.Describe the internal controls you will use to safeguard project monies, securities, and readily saleable property other than money and securities.