Sponsor-Dedicated Workforce Housing Properties

Per the Loan DocumentsLoan DocumentsAll Fannie Mae-approved documents evidencing, securing, or guaranteeing the Mortgage Loan. , to monitor an SDW Housing Property, the ServicerServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. must:

• annually review the rent roll and sufficient lease files to determine BorrowerBorrowerPerson who is the obligor per the Note. compliance with the required rent restrictions;
• receive an annual Supplemental Annual Loan Agreement Certification (Sponsor-Dedicated Workforce Housing) (Form 6620.Supplemental.SDW) from the BorrowerBorrowerPerson who is the obligor per the Note. , and:
  • attest to the Form 6620.Supplemental.SDW that the ServicerServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. has audited the rent roll for BorrowerBorrowerPerson who is the obligor per the Note. compliance with the required rent restrictions; or
  • for any noncompliance:
    • notify the BorrowerBorrowerPerson who is the obligor per the Note. of the default; and
    • submit a Non-Monetary Default Borrower Request in the MAMPMAMPMultifamily Asset Management Portal used to submit Property inspections, operating statements, requested modifications, asset management reports, and data corrections for loan or property attributes. ;
• retain in the Servicing FileServicing FileYour file for each Mortgage Loan serviced. , copies of:
  • Modifications to Multifamily Loan and Security Agreement (Sponsor-Dedicated Workforce Housing) (Form 6271.SDW);
  • Modifications to Security Instrument (Sponsor-Dedicated Workforce Housing) (Form 6325);
  • PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). rent restrictions;
  • annual rent roll and compliance results; and
  • any Loan DocumentLoan DocumentAll Fannie Mae-approved documents evidencing, securing, or guaranteeing the Mortgage Loan. default BorrowerBorrowerPerson who is the obligor per the Note. notices; and
• per the Sponsor-Dedicated Workforce (SDW) Housing Job Aid, annually submit copies of the:
  • Form 6620.Supplemental.SDW and ServicerServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. attestation; and
  • PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). rent roll.