Form 4098 | Fannie Mae Multifamily Guide

Notification 23-06

: Form 4098

Effective: 04/03/23

Retired: 04/18/23

Associated Documents:

Summary of Changes:

HIGHLIGHTS
Effective for Mortgage Loans Committed as of April 3, 2023, updates were made to the: Multifamily Additional Disclosure Guidance Form (Form 4098); and Affordable Housing Data Guidance Job Aid.

HIGHLIGHTS

Effective for Mortgage Loans Committed as of April 3, 2023, updates were made to the:

Primary Changes

Multifamily Additional Disclosure Guidance Form: Added or revised non-standard Property characteristics for
- Delaware Statutory Trust (DST),
- Legal Non-Conforming Use,
- Right to Purchase,
- Special Public Purpose,
- Sponsor-Dedicated Workforce (SDW) with "cost burdened" and "very cost burdened", and
- Expanded Housing Choice Vouchers.
Affordable Housing Data Guidance Job Aid: Added guidance for Sponsor-Dedicated Workforce (SDW) Properties.

Questions

Please contact Patricia Lafean, at (202) 752-6240, or [email protected], with any questions.