Exhibit A-11 to Subpart E of Part 1944 - Processing Guidelines for Loans for Equity To Avert Prepayment

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To apply for an equity loan to avert prepayment, the borrower should submit the following items in accordance with exhibit A-6 of this subpart and this exhibit:

1. Form SF-424.2 with a narrative discussion of the borrower's equity loan request,

2. Current Financial Statement,

3. Proposed budget showing anticipated rents to cover revised financing package, including updated figures on required reserve contributions and return on investment (if any),

4. Data on current tenants' income, rents and RA, and incomes of those on the waiting list to show that new rents will not displace or prevent occupancy by eligible tenants, unless sufficient RA is made available.

                    
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