Identity of Interest

Bridge Loans and Balance Sheet Loans .... 2-10, A2-25

Charitable Donations ............. 2-12, 2-13, A2-25 Gifts ............................ 2-8, 2-12, 2-13, 17-5, A2-25 Inducements .............. 2-4, 2-7, 2-12, 2-14, 3-29, A2-11, A2-25, A15-2

MAP Lender’s and Borrower’s Team ...... A2-24 Prohibited IOI ..................... 2-6, 2-10, 2-12, 2-13, A2-11, A2-24, A2-25

Secondary Financing Relationships ............. 2-9, A2-24 Incentive Fee ........................................................... 13-19 Income Ancillary income ......................... 7-25, 7-26, 7-27 Cell Tower Income ............................................. 7-26 Commercial Income ...... 3-17, 3-27, 7-26, 7-27, 7-28, 7-29, A3-2, A3-5, A8-3, A8-20 Community Rooms and Parking ................... 7-27 Corporate Leases ................................................ 7-26 Ineligible Income ................................................ 7-26 Internet and Media Services .......................... 7-25 Non-Income Unit ................................................. 3-40 Parking Income ........................................ 7-27, 7-28 Pool and Pet Fees ................................................ 7-26 Rent Concessions 3-22, 7-10, 7-24, A2-14, A215

Rental Income and Expense Estimates ...... 7-40 Resale/Submetering of Utilities ................... 7-25 Short-Term Lease .............. 3-8, 3-22, 7-26, 7-27 Indemnification ............ 14-13, 16-2, 19-35, 19-86 Industrialized Housing

Industrialized Housing ............ 5-27, 5-29, 5-30, 5-53, 12-4, 13-6, 13-8, 13-9, 13-10, 13-27, 13-29

Ineligible Properties Group Home ..................................... 3-8, 3-11, 3-23 Ineligible Properties .......................................... 3-23 Manufactured Home .............................. 3-23, 9-44 Initial Closing Initial Endorsement Activities ...................... 19-9 Initial Endorsement

After Initial Endorsement ... 3-3, 13-28, 19-67, A12-6

At Initial Endorsement ........... 1-2, 3-1, 3-3, 4-4, 5-31, 5-50, 6-4, 8-34, 8-46, 8-50, 9-22, 12-1, 12-2, 12-38, 13-23, 13-24, 19-48, 19-52, 19-67, A12-3, A12-5, A12-6

Prior to Initial Endorsement ............. 5-19, 5-20, 5-31, 5-34, 5-51, 8-32, 9-10, 9-43, 13-20, 13-21, 19-12, A5-42

Initial Operating Deficit

Initial Operating Deficit .............. 3-7, 7-49, 10-8, 11-7, 12-34, 12-35, 13-3, 13-13, 14-7, 16-4, A7-9, A12-6, A12-15

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Inspection Construction Inspection ............ 2-6, 5-49, 12-4, 12-9, 12-45 Final Inspection ............ 6-3, 12-8, 12-15, 12-44, A4-5, A5-22, A5-24, A5-39 Frequency of Inspection .................................. 12-7 Inspection Fee .................... 3-3, 7-46, 8-41, 12-7, 12-14, 12-39, 13-22, 13-38, 13-39, 18-6, A3-3, A3-5, A4-22, A4-23, A12-1

Warranty Inspection ................... 5-8, 5-9, 12-16, 12-47, A5-60

Insurable Value ......... 3-32, 3-33, 5-27, 5-45, 5-51, 12-41, A2-21, A2-23, A5-22, A5-23, A5-35, A5-37, A5-46, A5-55

Insurance of Advances

Advance Amortization Requirements .... 13-41 Disbursement Agreement ............. 14-14, 19-13, 19-21, 19-48, 19-51, 19-52, 19-61, 19-62, 19-78, A12-2, A12-20

Owner-Architect Agreement ............ 5-10, 5-11, 5-12, 5-26, 5-48, 12-5, 12-9, 12-11, 12-12, 12-13, 12-14, 12-15, 12-45, 19-62, 19-63, 19-77, A2-16, A4-13, A4-16, A5-4, A5-25

Stages of Advances .......................................... 12-18

Insurance Requirements

Casualty Insurance .................. 3-32, 5-45, 12-47, 13-36, 19-58

Co-Insurance Requirement ............................ 3-32 Flood Insurance........ 3-31, 3-32, 9-3, 9-4, 9-12,

9-40, 9-41, 9-42, 9-43, 9-44, 9-45, 18-5, 18-6, 19-59, A7-14

Property Insurance Requirements ............ 3-30,

5-48, 5-51, 12-41, 19-58

Public Liability Insurance .... 3-30, 3-31, A12-3 Vehicle Liability Insurance ................. 3-30, 3-31

Insurance Upon Completion

Insurance Upon Completion ............. 3-11, 5-19, 8-32, 8-37, 8-47, 12-5, 12-22, 12-25, 12-27, 12-38, 12-39, 12-40, 13-5, 13-15, 13-19, 13-20, 13-21, 13-22, 13-23, 13-26, 13-34, 13-44, 19-57, 19-75, 19-81, 19-82, 19-83, A4-19

Interest Rate Lock ................................................ 11-10

Interim Closing

Interim Closing ...... 13-38, 19-20, 19-21, 19-22 Interim Closing/Workout Checklist ......... 19-21 Interim Draws

Interim Draws ................................ 1-3, 4-8, A12-8 Interim Income ... 3-13, 13-3, 13-32, 13-38, 14-7, 14-15

Interim Insurance of Advances ....................... A12-3 International Energy Conservation Code ..... 3-14, 5-6, 5-7, 5-27, 6-1, 6-6, A5-55

Investor Representation ....................................... 14-1

J Joint Inspection ................. 5-21, 5-35, 5-36, A2-18, A2-21, A5-22, A5-23, A5-33, A5-36 Joint Use

Joint Use, Access, and Maintenance Agreements Where Common Use Easements are Anticipated ..................... A5-21

L Labor Violations Labor Violations ............................................... 12-31 Large Loan Request Large Loan Request ............................................. 4-1 Large Loan Risk Mitigation .................................. 3-33 Late Charge Late Charge ............................ 11-14, 11-15, 19-29 Late Charge Provisions .................................. 11-14 Latent Defect

Latent Defect ............... 5-42, 8-47, 12-11, 12-16, 12-19, 12-35, 12-40, 12-41, 12-43, 12-47, 19-56, 19-57, 19-72, 19-76, 19-82, 19-83, A12-15, A12-18

Lead-Based Paint

Lead-Based Paint Inspection ............ 5-35, 9-28, 9-29, A5-45

Leasehold

Estoppel .................................................................. 7-52 Leasehold ................. 3-27, 7-1, 7-44, 7-49, 7-50, 7-51, 7-52, 7-53, 7-54, 7-55, 7-56, 7-57, 8-39, 11-12, 13-26, 13-27, 16-1, 19-1, 19-27, 19-36, 19-39, A8-23, A8-24 Leasehold Estates ......... 7-50, 7-51, 7-56, 13-26

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Value of the Leasehold ......................... 7-52, 7-54 LEED LEED Home Midrise ............................................. 6-2 LEED-Home .............................................................. 6-2 Lender Departmental Enforcement Center (DEC) Referrals ............................................................ 8-15 Lead Lender ............. A8-7, A8-10, A8-11, A8-12 Lender Fee ...... 3-3, 3-4, 3-29, 18-6, 18-7, A3-3, A3-6, A3-19, A3-20, A8-10, A12-3 lender Monitoring Review ............ A15-3, A15-5 Lender Processing ..................................... 3-21, 4-4 Lender Standards ................................... 2-3, A15-1 Servicing Lender ....... 3-30, A2-3, A2-24, A5-43 Letter of Caution ... 15-1, 15-3, 15-4, 15-6, A15-1, A15-3, A15-4 Letter of Credit Bank Issued Letters of Credit ........................ 8-18 Third-Party Letter of Credit ........................ 12-23 Level Annuity Monthly Payment LAMP ............................................................ 3-2, 13-43 Level Annuity Monthly Payment .... 3-2, 13-40, 13-43, A13-2 Liability Insurance Certificate of Professional Liability Insurance .................................. 5-9, 5-10, A5-59 Liability Insurance ........... 3-30, 3-31, 5-9, 5-10, 7-29, 12-20, 12-33, 19-63, 19-86 Professional Liability Insurance ........ 5-9, 5-11, 19-63, A5-60 LIHTC 4% LIHTC .... 14-4, 14-17, 14-18, A4-21, A4-23 4% Tax Credits .................................................... 14-4 9% State Agency Allocation ........................... 14-4 Calculating the Maximum LIHTC rents ..... 7-61 Deferred Developer Fee ..... 14-9, 14-10, 14-16, 19-48

Demand for LIHTC Projects ........................... 7-12 Equity Bridge Loan .............. 14-3, 14-10, 14-11, 14-12, 14-13, 14-14, 19-44, 19-48, 19-49, 19-52, 19-62, 19-103, A2-27, A12-2 Equity Pay-in Equity Pay-In .............. 8-21, 14-6, 19-5, 19-33, 19-51, 19-52, 19-78 LIHTC Letters of Commitment ...................... 14-2

LIHTC Projects (new construction, substantial rehabilitation, and refinance transactions) .................................................... 14-8 LIHTC Projects without Section 8 ................ 7-61 LIHTC Rider .......................... 19-53, 19-54, 19-55, 19-56 Operating Expenses under LIHTC ............... 7-62 Project Completion Funds Derived from (a) LIHTC Equity ............................................................... 19-61 Rider to Security Instrument LIHTC Properties ..................................................... 19-55, 19-56 Secondary Financing for LIHTC Transactions ...................................................... 3-5 Subordination of Restrictive Covenants ........................................ 19-52, 19-84 Tax Credit Projects that Involve Transfers of Ownership ................................................... 14-7 Usual and Customary Fees and Expenses ......................................................... 14-14 Limitation on Combined Debt ............................ 8-25 Limitations Per Family Unit Criterion 4 ................ 3-5, 3-16, 3-19, 3-25, 3-27, 5-47, 7-46, 17-5, A3-1, A3-3 Limited Denial of Participation ...... 3-5, 4-7, 15-1, 15-2, 15-16, 15-17, 17-11, A2-3 Limited Partner

Special Limited Partner ................ 2-10, 8-3, 8-6, 14-2, 14-15, 19-53, 19-54, 19-55, 19-56, 19-87, A8-15, A8-16

Liquidated Damages .............. 12-20, 12-21, 12-24, 12-31, 12-37, 13-6, 13-19, 19-11, 19-64, 19-65, A12-17

Loan Amount

Loan Amount Requested ......... 3-15, 3-25, 17-5 Maximum Loan Amount ......................3-20, A2-9 Loan Approval

Loan Approval .......... 2-5, 4-2, 4-5, 4-6, 4-7, 7-1, 7-35, 7-63, 11-2, 11-6, 11-7 Loan Committee

Loan Committee ............... 1-5, 4-2, 4-3, 4-4, 4-5, 7-63, 11-2, 11-7, A8-10 Low-Risk Transactions ........................... 7-1, A7-5

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Loan Fee ............. 3-4, 11-10, 11-11, 13-23, A3-19, A3-20 Loan Servicer Loan Servicer ........... 1-2, 15-1, 15-3, A2-2, A2-8 Loan Sizing Ratios Loan Sizing Ratios Under 221(d)(4) .......... 14-1 Loan Term For 223(a)(7) Projects, the Term of the Mortgage ........................................................ 11-13 Section 207 Pursuant to Section 223(f)), the term .......................................................... 11-13 Low Income Housing Tax Credit Projects Secondary Financing Guidance for Low Income Housing Tax Credit Projects ..... 8-24

M Management Agent Affirmative Fair Housing Marketing Plan ............................................................ 1-3, 3-13, 3-14, 3-38, 4-6, 10-2, 10-8, A4-10, A4-14 Approval of Proposed Management Agent ................................................................... 10-7 Bonding Requirements for Agents .............. 10-5 Identity of Interest Between the Owner and the Management Agent ...................... 8-31 Management Agent’s Certification ............. 10-1, 10-6 Management Agents and Escrow Administration ............................................... 10-8 Management Agreement ........ 3-37, 10-1, 10-2, 10-6, 10-7, 10-8, 16-2, A4-4, A4-10, A4-14, A16-1, A16-3 Management Entity Profile................ 10-1, 10-2, 10-4, 10-8, 16-2, A4-4, A4-10, A4-14 Management Fee .......... 7-35, 10-6, 10-7, 13-12, 13-13, 13-42, 14-14 Management Qualifications ........................... 10-3 Marketing and Leasing Plan ............... 3-13, 10-2 Previous Participation Review .... 2-6, 3-5, 8-2, 8-5, 8-8, 10-1, 10-5, 14-2, 16-3, 18-13, 19-53, 19-54 Relocation Process ............................................. 10-2 Management Agreement

Management Agreement ........ 3-37, 10-1, 10-2, 10-6, 10-7, 10-8, 16-2, A4-4, A4-10, A4A14, A16-1, A16-3 Required Clause ................................................... 10-6 Management Analysis Asset Management Firm Commitment Reviews .............................................................. 10-5 Lender Review of Management Documents ........................................................ 10-2 Previous Participation Review ..... 2-6, 3-5, 8-2, 8-5, 8-8, 10-1, 10-5, 14-2, 16-3, 18-13, 1953, 19-54 Management Exhibit ...................................3-21, A4-7 MAP Invitation Letter ............................. A4-1, A4-17 MAP Lender Review Board Appeal Conference ............. 15-14, 15-15, 15-16 Notice of Action ......... 15-8, 15-9, 15-10, 15-13, 15-14, 15-15 Notice of Violation ................ 15-6, 15-13, 15-14, 15-15 MAP Probation MAP Probation ..................................................... 15-8 Notice of Action ......... 15-8, 15-9, 15-10, 15-13, 15-14, 15-15 MAP Sanctions Imposing a Sanction on a MAP Lender ... 15-14 Imposing Exclusionary Sanctions ............. 15-16 MAP Suspension MAP Suspension .................................................. 15-9 Market Analyst Market Analyst Qualifications ......................... 7-3 Selection of Appraisers and Market Analysts ................................................................ 7-2 Market Study Comparable Project ......... 5-45, 7-9, 7-24, 7-30, 8-47, 8-53 Content and Format of the Market Study ... 7-4 Demand for LIHTC Projects ............................ 7-12 Demographic........ 3-14, 7-5, 7-6, 7-8, 7-9, 7-13, 7-48, 10-8, 17-4, A7-11 Economic Context ................................................. 7-8 Effective Date of Completion of the Market Study ..................................................... 7-5 Forecast Period .............. 7-5, 7-6, 7-8, 7-9, 7-10, 7-11

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Market Conditions ...... 3-28, 5-48, 7-3, 7-4, 7-6, 7-9, 7-10, 7-11, 7-12, 7-13, 7-15, 7-16, 7-17, 7-21, 7-23, 7-26, 7-27, 7-62, 8-35, 8-47, 11-3, 17-2, A2-16, A3-5, A4-3, A4-9, A7-4 Market Rents ........... 3-15, 3-16, 3-25, 3-26, 7-7, 7-12, 7-17, 7-35, 7-39, 7-40, 7-43, 7-45, 7- 48, 7-60, 8-24, 8-38, 8-40, 13-33, 14-5, 148, 14-16, 14-17, A3-3, A3-4, A3-18, A3-19 Section 8 HAP Rents .......................................... 7-35 Units Under Construction and the Proposed Supply ............................................ 7-13 Marketing Affirmative Fair Housing Marketing Plan .... 1-3, 3-13, 3-14, 3-38, 4-6, 10-2, 10-8, 10, 14 Marketing and Leasing Plan ............... 3-13, 10-2 Master Lease Approving Master Lease Ownership Structures ......................................................... 16-1 Cost Certification and Final Endorsement ................................................... 16-4 Default to the Master Tenant ......................... 16-2 Equity Contributions, Fees, Income, etc. .. 16-3 Historic Tax Credit ........... 8-8, 8-20, 8-44, 9-40, 13-1, 13-5, 14-10, 14-16, 16-1, 16-3, A12-1, A12-2, A16-1, A16-3 Master Lease Ownership Structure ............................................ 16-1, A16-1 Master Tenant and Master Sub-Lessees (as well as the Management Agent) ...... 16-2 Material Supplier ............ 5-27, 5-53, 8-50, 13-6, 13-8, 13-9, 13-16, 13-18, 13-27, 13-29, 1965, A2-17, A2-21 Meal Service .................................. 3-23, 3-40, 17-3 Medium-Risk Transactions ...................7-1, A7-2 New Markets Tax Credit ............ 8-8, 8-44, 14-3, 16-1, 16-3, 19-61, A12-2, A16-1, A16-3 Proposed Modifications or Amendments to the Leases .................................................... 16-2 Rent Paid by the Master Tenant ................... 16-3 Transactions May or May Not Have Low Income Housing Tax Credits (LIHTCs) ............................................................ 16-1 Mezzanine

Mezzanine Debt ....................................... 8-25, 8-43 Mezzanine Lender .............................................. 8-43 Mezzanine Loan Interest Rate ....................... 8-25 Mezzanine Financing .....................................2-9, 8-25 Military Military Impacted Area ...................................... 3-6 Minimum Property Standards Minimum Property Standards ......... 5-8, A2-17, A3-13, A5-1, A5-31, A5-32, A5-55, A5-57

Mixed Use ............. 1-3, 3-6, 3-16, 3-35, 5-20, 7-27, 7-29, 9-43, 14-3 Mortgage

Loan Terms and Requirements .................... 18-8 Maximum Insurable Mortgage ........... 2-6, 5-47, 7-26, 8-1, 8-43, 8-50, 12-19, 12-28, 13-1, 13-2, 13-4, 13-5, 13-7, 13-15, 13-16, 13-17, 13-26, 13-31, 13-32, 13-33, 13-35, 13-40, 13-43, 17-5, 17-12, 19-11, 19-14, 19-15, 19-18, 19-68, 19-84, A12-5, A13-1

Mortgage Credit Review ............ 8-2, 8-12, 8-23, 8-30, 8-33, 11-4, 14-2, A8-6 Mortgage Debt Analysis ................................ A8-13 Mortgage Debt Schedule .......... 8-21, 8-22, A8-8 Mortgage Increase ............. 13-13, 13-15, 13-16, 13-18, 13-24, 13-29, 13-36, 13-37, 13-38, 13-39, 19-21, 19-68, 19-70, A12-5, A12-16, A12-18

Schedule of Mortgage Debt ................ 8-15, 8-22, A4-6, A4-12, A4-16, A8-1, A8-3 Mortgage Insurance

Application for Mortgage Insurance .............................. 1-2, 1-5, 2-16, 3-1, 3-12, 3-22, 3-24, 5-57, 7-48, 8-44, 9-41, 10-5, 14-14, 17-12, A4-17, A4-18, A5-50, A5-53, A12-6

Certificate of Mortgage Insurance ........... 19-17, A12-7, A12-8 MIP Rate ............. 3-3, 5-8, 5-9, 6-1, 6-2, 6-3, 6-5, 6-7, 6-9, 6-13, 13-22, 14-2, A3-18, A3-19, A3-20, A3-21

Mortgage Insurance Premium ...... 3-3, 5-7, 6-1, 7-47, 8-49, 12-20, 12-34, 12-35, 13-13, 13-19, 13-22, 13-38, 17-12, 18-2, 18-5, 19-68, 19-107, A3-18, A4-23, A5-50, A12-3 Section 231 Mortgage Insurance ................. 3-17

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• Section 241(a) Mortgage Insurance .......... 3-20, 3-21

• Mortgage Proceeds ......... 2-5, 2-6, 2-11, 3-6, 5-11, 5-41, 5-42, 5-52, 6-1, 7-39, 7-45, 7-57, 7-58, 7-59, 8-18, 8-39, 8-40, 8-42, 8-46, 8-47, 8-48, 9-26, 12-17, 12-18, 12-19, 12-23, 12-24, 12-30, 12-36, 12-37, 12-42, 13-33, 13-34, 13-40, 14-4, 14-12, 14-13, 18-1, 18-7, 19-15, 19-17, 19-48, 19-57, 19-73, 19-84, A3-15, A8-6, A12-1, A12-6, A12-7, A12-12, A12-17, A12-18, A12-20

Mortgage-Backed Security Mortgage-Backed Security ................ 3-28, 8-51, 11-10, 11-14, 13-22, 13-39 Mortgagee Certificate.......................................... A2-11 Mortgagee Review Board ............... 2-7, 15-1, 15-2, 15-4, 15-5, 15-6, 15-11, 15-18, A15-1, A15-2, A15-4