Guide Update 22-09
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Healthy Housing Rewards
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HIGHLIGHTS |
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Effective for all Healthy Housing Rewards Mortgage Loans Committed on or after July 5, 2022, the eligibility and certification requirements were expanded. |
Primary Changes
- For Healthy Design Mortgage Loans:
- expanded the:
- eligibility to MAH Properties where at least 50% of the units serve tenants with incomes of 80% of AMI or less;
- list of recognized certifications in the new Healthy Design Certifications (Form 4248); and
- Healthy Housing Rewards Job Aid to include updated certification steps; and
- updated the Modifications to Multifamily Loan and Security Agreement (Healthy Housing Rewards – Healthy Design) (Form 6265).
- expanded the:
- For Enhanced Resident Services Mortgage Loans:
- expanded the eligibility to Properties where at least 50% of the units serve tenants with incomes of 80% of AMI or less;
- expanded the eligible resident service providers to include a CORES-certified
- Borrower,
- Sponsor or Affiliate, or
- third-party;
- updated the Modifications to Multifamily Loan and Security Agreement (Healthy Housing Rewards – Enhanced Resident Services) (Form 6263); and
- required a Payment Guaranty (Pricing Incentive Recapture) (Form 6020.PIR) be executed for all Tiers.
Questions
Please contact Karyn Sper at (202) 752-1023, or [email protected], with any questions.