Date: February 9, 2021
From: Jan Miyagishima
Director, Mortgage Operations
MULTI-FAMILY LOAN PURCHASE PROGRAM
CONTACT ERIC HAVELOCK (907-330-8245)
Maximum total loan principal (Section 1002.02D)
AHFC would like to clarify AHFC Memo 21-01mf to state that for all refinance transactions, the pre-paids (deposits to the new loan's tax and insurance reserve account) may be financed if the payoff of the existing debt (refinanced amount) is reduced by the balance of any existing reserve accounts.
Types of structures
AHFC is amending this section to address multiple parcels. For proposals involving multiple parcels, the parcels being offered as collateral must be contiguous unless previously approved by AHFC.