Dear Applicant - HDF: Housing Development Fund, Inc.

Dear Applicant:
Attached you will find HDF’s Mortgage Loan Application, which consists of five sections. Each section is
designed to provide information HDF will use in evaluating your loan request. In most cases, additional forms
must be completed and attached to the application before final approval is granted. Some of these forms are
included with this package.
Please include the following information along with your Loan Application:
• Personal Financial Statements of all borrowers and/or guarantors (form attached)
• Complete copies of signed Federal Tax Returns for the last two years from each borrower/guarantor
• Request for Verification of Employment (form attached)
• Request for Verification of Deposit (form attached)
• Request for Verification of Mortgage (form attached)
• Tenant Income Survey (form attached)
• Housing Code Report
• Detailed Plans and Specifications
• Detailed Construction Cost Breakdown
• Contractor References (form attached)
• Development Budget
• Property Management Plan
• Relocation Plan, if applicable
• Business Plan, including Operating Budget
• Contract of Sale or Deed
• Appraisal (ordered by HDF at applicant’s expense)
• Phase I Environmental Site Assessment Report (ordered by HDF at applicant’s expense)
• Other Sources of Funding for the Project
• Unit Sales Prices (for condominiums, co-ops, etc.)
If you are applying as a not-for-profit organization, please provide a list of your directors and include copies of
your certificate of incorporation, by-laws and tax status.
A non-refundable application fee of $250 must accompany all Mortgage Loan Applications. Checks
should be made payable to the Housing Development Fund, Inc. Please sign and date the application,
and return all requested forms as part of the application to HDF at 100 Prospect Street, Suite S-101, Plaza
Level, Stamford, CT 06901.
Any fees expended in connection with this application, including, but not limited to, appraisal fees,
environmental fees and legal fees, are to be paid by the applicant and are non-refundable.
All loan requests require the approval of HDF’s Loan Committee and Board of Directors.
Please feel free to call our office at 203-969-1830 for assistance in completing the application. Thank you for
considering HDF for your financing needs.
Sincerely,
Elyse Pitts
Director of Lending

Housing Development Fund, Inc.
Mortgage Loan Application
Part I: Borrower Information
Applicant: ___________________________ Phone: ____________________
Mailing Address: _________________________________________________
City: _______________________________ State: __________ Zip: ________
Position or Occupation: ____________________________________________
Business Name: __________________________________________________
Business Address: ________________________________________________
City: _______________________________ State: __________ Zip: ________
Business Phone: _____________________
Business Entity is: [ ] Individual; [ ] Partnership; [ ] Corporation; [ ] LLC
If borrower is a partnership, corporation, or syndicate, identify principals and each and every
other person who has an interest:
Name
% of Interest
[ ] Attach financial statements for each borrower/guarantor. (A Personal Financial
Statement form is attached for your convenience. Corporations may submit audited
financial statements.)
[ ] Attach Federal Income Tax Returns for the last two years for each borrower/guarantor.
[ ] Attach Verifications of Employment for each borrower (for individuals and partnerships.
Form attached.)
[ ] Attach Verification of Deposits for each borrower. (Form attached.)
[ ] Attach Verification of Mortgages for each borrower.

Part II: Project Description
Property Address: __________________________________ Zip Code: ___________
Zoning: __________________________________________ Yr. Built: ___________
Current
Post Rehab/
New Construction
Appraised Value # Floors Exterior Finish Construction Type
Unit Size
# Units
Currently
Vacant
# Units
Currently
Occupied
Residential Units
# Units
Proposed
Current
Monthly
Rent
Proposed
Rent
Total Income/
Yr. Proposed
Studio
1 Bedroom
2 Bedrooms
3 Bedrooms
Total # Residential Units
Total Square Footage
Existing
Proposed
Note:
If any units are occupied, Tenant Income Survey forms must be submitted (forms
attached). You may also have to provide a Tenant Relocation Plan.
Square
Feet
# Units
Vacant
# Units
Leased
Commercial Units
Current Proposed
Rent/Mo. Rent/Mo.
Total Income/Yr.
Proposed
Total # Commercial Units
Total Square Footage
Existing
Proposed
If the proposed project will result in a change in use, briefly describe:______________________
Are zoning or planning approvals or adjustments required If yes, explain: _________________
What is the status of approvals or adjustments Attach verification, if applicable. ____________
Note whether Tenant (T) or Landlord (L) pays for the following utilities:
[ ] Heat -- Circle type: Gas Oil Electric
[ ] Electricity for lighting, refrigeration, etc.
[ ] Cooking Fuel – Circle type: Gas Electric
[ ] Water Heating – Circle type: Gas Oil Electric

PART III: Current & Projected Operating Statement
(Annual Basis)
Income Current Post Rehab/New
Const.
Gross Rental Income +
Less Vacancy/Collection Loss -
Effective Gross Income =
Expenses
Real Estate Taxes
Insurance
Management Fee
Superintendent
Maintenance/Repairs
Heat
Water/Sewer
Common Utilities
Garbage Collection
Exterminating
Legal/Accounting
Reserves
Other (Describe)
Total Expenses
Net Operating Income
(Effective Gross Income - Total Expenses)
Please attach a brief description of:
Property Management Plan
1. How the property will be maintained and supervised
2. Method of rent collection
3. Leasing arrangements (if applicable)
4. Previous management experience and other information relevant to management of
property. If a management company will be hired, describe the services covered in the
management contract.
Property Manager:
Firm:
Address:
Phone:
_________________________________________
_________________________________________
_________________________________________
_______________________________

PART IV: Project Cost Estimate
Please complete the following items and attach them to this application:
[ ] A detailed construction cost breakdown including material quantities and unit
prices. Note the source of the cost estimates (architect, engineer, general
contractor, subcontractor, etc.), and the approximate date the estimates were
obtained.
[ ] Estimated construction period (number of months): __________
[ ] Detailed plans and specifications for the project.
[ ] Complete development budget including all hard and soft costs. Typical soft
costs include:
1. Application Fee
2. Commitment Fee
3. Loan Set-up Fee
4. Appraisal Fee
5. Environmental Site Assessment Fees
6. Legal Fees
7. Other Closing Costs
8. Real Estate Taxes During Construction
9. Insurance During Construction
10. Construction Period Interest
[ ] Description of applicant’s relevant experience in development, construction, and
property management.
[ ] Contractor References (form attached)
[ ] Housing Code Report
Firm Name:
Contact:
Street
Address:
City, State, Zip:
Phone:
Architect General Contractor Engineer

PART V: Financing Information
Amount Requested: $_____________________
Loan Proceeds will be used for:
[ ] Acquisition $_________________ [ ] New Construction $_____________
[ ] Rehabilitation $_________________ [ ] Permanent Financing $_____________
If you are applying for a mortgage to purchase the property, please complete the following
items and attach a copy of the signed contract:
Present Owner of the Property: _______________________________________________
Purchase Price: $________________________
Down Payment: $__________________
Amount of Equity Borrower will Invest: $______________________
Date of Contract: ________________________ Closing Date: __________________
If you are the owner of the property, please complete the following items:
Date Acquired: _________________ Seller: ___________________________________
Purchase Price: $________________ Down Payment: $___________________________
Current “As is” Appraised Value: $_____________ Mortgage Balance: $______________
Mortgage Held By: ________________________________________________________
Interest Rate: _________%
Term: _____________ Monthly Payment: $_____________
If there are other sources of financing for the project (in place and/or committed), on a separate page,
please indicated the following:
1. Source of Financing
2. Type of Financing
3. Amount of Financing
4. Interest Rate
5. Term
6. Position
7. Level of Commitment
8. Contingencies
If you are applying for construction financing for condominiums, on a separate page, indicate the
following, including the source(s) of end loans:
1. Unit Number(s)
2. Sales Price(s) (Ranges may be provided per type of unit)
3. Source of End Loan
4. Percent of Down Payment
5. Rate
6. Term
7. If there are presales, name and address of purchasers

CERTIFICATION
I/We certify that:
1. I/We have the authority to make this application.
2. All the information in connection with this application is complete and true and is
made for the purpose of inducing the Housing Development Fund, Inc. (“HDF”) to
approve said loan.
3. No applicant is acting as an agent nominee or on behalf of any other person,
partnership, corporation or syndicate except as stated in this application.
4. Should any statement or exhibit submitted in connection with this application be
found not to be true, HDF, at its sole option and in its sole discretion, may
withdraw any approval or create a default if the transaction has already been
consummated.
5. In order to complete this application, I/we hereby supply the required exhibits.
The application is not considered complete until all exhibits have been delivered
to HDF.
6. Any exhibit submitted in connection with this application shall be considered
property of HDF, and HDF shall not be required to return any exhibits. It is
understood that in accordance with Section 202.3(e) of the Equal Credit
Opportunity Act, should adverse action be taken, HDF will not return the exhibits
until at least 90 days after such action.
7. HDF and its representatives are hereby authorized to enter upon the property,
interview tenants, and do general research, including credit checks.
8. I/we understand that any fees paid in connection with this application, including,
but not limited to, appraisal fees, environmental report fees, and legal fees, are at
my/our expense and are not refundable—whether or not the application is
approved, or whether or not the loan closes for any reason.
9. I/we understand that any loan application requires the approval of both the Loan
Committee and the Board of Directors of HDF.
___________________________________
Applicant’s Signature
_______________________
Date
___________________________________
Co-Applicant’s Signature
_______________________
Date
___________________________________
Co-Applicant’s Signature
_______________________
Date
___________________________________
Co-Applicant’s Signature
_______________________
Date

Request for Verification of Mortgage
To: (Lending Institution)
|From: Housing Development Fund
| 100 Prospect Street
| Suite S-101, Plaza Level
| Stamford, CT 06901
| attn: Elyse Pitts
I have made an application to the Housing Development Fund, Inc. to obtain a
mortgage loan. I have named you as a reference on my application and request you
release all information concerning the mortgage you hold on my property.
Name:_____________________________
Address: __________________________
__________________________
Signature: _____________________
Signature: _____________________
Loan Number: _________________
To be completed by Lender:
Property Address: ____________________________________________________
Date of Mortgage: __________________
Original Balance: $__________________
Current Balance: $__________________
Monthly Payment: $__________________
Date Paid To:
___________________
Next Payment Due Date: _____________
Are Taxes and Insurance included in the monthly payments [ ] Yes [ ] No
Number of Times Over 30 Days Late: _________________
Rating of the Account (Check one): [ ] Satisfactory
[ ] Unsatisfactory
___________________________________
Signature of Lender
Title: _______________________________
Date: ________________________

Housing Development Fund, Inc.
100 Prospect Street, Suite S-101, Plaza Level
Stamford, CT 06901
Phone: (203) 969-1830 Fax: (203) 323-8958
RE: Tenant Income Survey
The owner or potential owner of your building has applied for a mortgage loan from
the Housing Development Fund, Inc. (“HDF”) to cover the cost of rehabilitating your
apartment. In order to qualify for assistance, the owner or potential owner must
provide HDF with information on their tenants’ incomes.
Please complete the following form, sign and date it, and return it to HDF in the
enclosed envelope, along with a copy of the front page of your latest tax return, pay
stub, or any other sort of form that would verify the income information provided
below.
Thank you for your co-operation.
Information furnished to HDF will be held in strict confidence.
Name of Tenant:______________________________________________________
Address:
_____________________________________________________
Apt. No.: ______ No. Rooms: ______ No. Bedrooms: ______ Family Size: ______
Monthly Family Household Income (Gross): $ _____________
Other Income: $___________________ Source: ___________________________
I affirm that the information given above is true and correct
to the best of my knowledge.
Signature of Tenant: ________________ Date: ____________________________

Housing Development Fund, Inc.
100 Prospect Street, Suite S-101, Plaza Level
Stamford, CT 06901
Phone: (203) 969-1830 Fax: (203) 323-8958
CONTRACTOR’S REFERENCES
Part I.
A. General Information
Date: _____________________________
Name: __________________________________________________________
Home Address: ___________________________________________________
________________________________ Home Phone: ____________________
Part II.
A. Business Information
Business Name: ________________________________________________
Business Address: _______________________________________________
________________________________ Business Phone: ________________
Date Business Started:______________ Contractor’s License #: ___________
B. Ownership of Business
[ ] Sole Proprietorship [ ] Corporation
[ ] Partnership [ ] Other
Owner’s Name
% Owned Position
____________________________ ________ _________________________
____________________________ ________ _________________________
____________________________ ________ _________________________
____________________________ ________ _________________________

Contractor’s References
Page 2
C. Employee Information
How many people does your organization employ _____________
Please provide information about the employees of your organization and include
a brief description of their background and experience with your organization:
Name: __________________________
Position: ______________________
Experience: ______________________________________________________
________________________________________________________________
Name: __________________________
Position: ______________________
Experience: ______________________________________________________
________________________________________________________________
Name: __________________________
Position: ______________________
Experience: ______________________________________________________
________________________________________________________________
Name: __________________________
Position: ______________________
Experience: ______________________________________________________
________________________________________________________________
Name: __________________________
Position: ______________________
Experience: ______________________________________________________
________________________________________________________________
Name: __________________________
Position: ______________________
Experience: ______________________________________________________
________________________________________________________________

Contractor’s References
Page 3
Part III.
A. References
Please list the projects your firm has completed and indicate whether or not your
organization obtained a performance bond to execute the project:
Client’s Name: ____________________________ Phone: _________________
Location : ________________________________________________________
Date Started: ___________ Date Completed: ___________ Price: $__________
Was Bond Obtained [ ] Yes [ ] No
Description of Work: _______________________________________________
Client’s Name: ____________________________ Phone: _________________
Location : ________________________________________________________
Date Started: ___________ Date Completed: ___________ Price: $__________
Was Bond Obtained [ ] Yes [ ] No
Description of Work: _______________________________________________
Client’s Name: ____________________________ Phone: _________________
Location : ________________________________________________________
Date Started: ___________ Date Completed: ___________ Price: $__________
Was Bond Obtained [ ] Yes [ ] No
Description of Work: _______________________________________________

Part IV.
Contractor’s References
Page 4
A. Credit Information
List the bank(s) with which your organization does business:
Bank: ____________________________ Phone: _______________________
Address: __________________________ Contact: ______________________
Bank: ____________________________ Phone: _______________________
Address: __________________________ Contact: ______________________
Has a Line of Credit been established with a bank [ ] Yes [ ] No
Bank’s Name: _________________________ When: ____________________
B. Insurance
General Liability:
Combined Single Limit: ______________ Expiration Date: ________________
Carrier: _________________________________________________________
Number of Losses & Dollar Value in the Past Five Years: #_________ $__________
Worker’s Compensation:
Limit(s): _________________________________________________________
State(s): _________________________________________________________
Expiration Date: ___________________
Performance Bonds:
Have any Performance Bonds ever been obtained by your company [ ] Yes [ ] No
If Yes, Name of Company: ___________________________________________
Amount of the Largest Bond Issued: $__________________________________

Contractor’s References
Page 5
Part V.
A. Equipment
Please list your major equipment:
Please attach additional pages, if necessary, to complete
any section of this form.