lis 217 stemming the tide - LISC

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EXHIBIT 11HUD SECTION 8 DATABASE: FINANCIAL INFORMATION FROM INSURED MULTIFAMILY MORTGAGE DATABASEState City Property Name Units Section (of <strong>the</strong> Act) Original Mortgage Current Principal andAmountInterest (Monthly)MA Adams Town Adams Town 60 236(j)(1)/ Lower Income 1,486,700 11,074.54FamiliesMA Adams Town The Millhouses 99 221(d)(4) Mkt. Rate 5,074,300 33,392.49Mod Inc/ Disp FamsMA Allston Charlesview Inc. 210 221(d)(3) BMIR Urban 5,089,100 18,419.34Renewal/ Coop HsgMA Allston Glenville Apts. 117 236(j)(1)/ Lower 1,923,000 14,656.76Income FamiliesMA Allston Governor Apts 87 221(d)(4) Mkt. Rate 3,817,400 25,121.20Mod Inc/ Disp FamsMA Amherst Brandywine Apts. 180 207/ 223(f) - Delegated 3,825,000 27,167.48MA Amherst New Puffton Vllage 314 207/ 223(f) Pur/ Refin Hsg. 10,423,400 73,088.87I and IIMA Amherst Village Park Apts. 200 241(f)/ 236 Equity Loan 3,886,600 31,487.59MA Amherst Village Park 200 236(j)(1)/ Lower Income 3,658,700 26,821.72TownFamiliesMA Andover Andover Commons 167 221(d)(4) Mkt. Rate Mod 8,179,400 53,826.24Inc/ Disp FamsMA Arlington Millbrok Sq. Apts. 146 221(d)(4) Mkt. Rate Mod 7,325,500 48,388.61Inc/ Disp FamsMA Ashland Ashland Commons 96 221(d)(4) Mkt. Rate Mod 4,893,880 48,282.75Inc/ Disp FamsMA Ashland Chestnut Apts. 207 207/ 223(f) Pur/ Refin Hsg. 7,650,000 56,852.95MA Auburn Kittyhawk Highlands 216 207/ 223(f) Pur/ Refin Hsg. 6,187,400 39,528.60Source: HUD Section 8 Database60 exhibits
Amortized Principal Interest Rate Holder Name Holder City Servicer Name Servicer CityBalance (Unpaid)1,100,900 8.5 Beal Bank SSB Dallas, TX GMAC Commercial Horsham, PAMortgage Corp.4,449,124 7.5 USGI INC Darien, CT Huntoon Hastings Darien, CTCapital Corp.1,934,736 3 Corestates Bank NA Philadelphia, PA Midland Loan Kansas City, MOServices Inc.352,293 8.5 Federal National Atlanta, GA FNMA-GMAC Washington, DCMortgage AssnCommercial Mortgage3,223,909 7.5 Bank of America NA Cypress, CA Dovenmuehle Schaumburg, ILMortgage Inc3,652,335 8 Heartland Bank Chesterfield, MO Heartland Bank Chesterfield, MO10,185,298 7.875 Capstone Realty Cleveland, OH Capstone Realty Cleveland, OHAdvisors LLCAdvisors LLC3,656,427 9 Continental Wingage Needham, MA Continental Wingage Needham, MAAssoc IncAssoc Inc2,518,610 8.5 GMAC Commercial Horsham, PA GMAC Commercial Horsham, PAMortgage CorpMortgage Corp6,990,630 7.5 Riggs Bank NA Riverdale, MD Reilly Mortgage Mclean, VAGroup6,200,342 7.5 Riggs Bank NA Riverdale, MD Reilly Mortgage Group Mclean, VA4,619,013 11.728 Massachusetts Hsg Boston, MA Massachusetts Hsg Boston, MAFin AgencyFin Agency7,454,758 8.45 Centennial Mortgage Inc South Bend, IN Centennial Mortgage South Bend, INIncInc6,075,126 7 Prudential Huntoon Edison, NJ Prudential Huntoon Edison, NJPaige AsscPaige Asscexhibits61
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LOCAL INITIATIVES SUPPORT CORPORATI
Page 3 and 4:
STEMMING THE TIDEA Handbook on Pres
Page 5 and 6:
CONTENTSIntroductioniChapter One 1S
Page 7 and 8:
chapter oneSubsidized Housing Prese
Page 9 and 10:
payments where the project would co
Page 11 and 12:
The reaction to HUD's proposal was
Page 13 and 14:
In addition, there are special rule
Page 15 and 16: Over the past few years, new federa
Page 17: tions. However, the nonprofit purch
Page 20 and 21: may construe the IRP as an "old and
Page 22 and 23: owner converts to non-rental use or
Page 24 and 25: 6. MARK-TO-MARKET INCENTIVESHUD/OMH
Page 26 and 27: PROFORMA 4: NONPROFIT PURCHASE WITH
Page 28 and 29: chapter threeState and Local Preser
Page 30 and 31: after refusing to accept the housin
Page 32 and 33: Owner Assessments. Assessment of th
Page 34 and 35: StrategiesAdvocates brought the own
Page 36 and 37: 3. STATE AND LOCAL FUNDING INITIATI
Page 38 and 39: chapter fourResearching the Propert
Page 40 and 41: insured projects, this date is 20 y
Page 42 and 43: 2. MARKETUltimately, the conversion
Page 44 and 45: 3. OWNERSHIPThe owner of a HUD-assi
Page 46 and 47: Phantom Income. If the property is
Page 48 and 49: 4. FINANCIALProject finances will a
Page 50 and 51: FINANCIAL INFORMATION SOURCESProjec
Page 52 and 53: Most HUD-subsidized properties have
Page 54 and 55: Social IssuesWhat is the nature and
Page 57 and 58: EXHIBIT 3OPT OUT SUMMARYSTATETexasO
Page 59 and 60: EXHIBIT 4OMHAR PAE and Assigned Pro
Page 61 and 62: Total Units Assisted Units Program
Page 63 and 64: EXHIBIT 8OPT OUT STATISTICS BY STAT
Page 65: Owner Phone Agent Name Agent Addres
Page 69 and 70: Intermediary TechnicalAssistance Gr
Page 71 and 72: Tenant-Based Section 8. Rentalassis
Page 73 and 74: 16 For background on the IRP subsid
Page 75 and 76: iographiesEmily P. Achtenberg is a
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