SS Multifamily Memo 25-01mf

MULTI-FAMILY SELLER/SERVICER MEMORANDUM 25-01mf

Date:         February 19, 2025

From:        Michelle Graves
                  Director, Mortgage Operations
________________________________________

MULTI-FAMILY LOAN PURCHASE PROGRAM
Rich McKinstry, Multi-Family Underwriting Manager (907-330-8438)

Property Reports
(Section 2001.04.D)   

Effective with the date of this memo, for loans exceeding $1,500,000, AHFC will accept alternate reports to the Phase I site assessment. The alternate report must include all necessary information to make a determination on the environmental hazards and impacts to the subject property. AHFC has approved “VERAcheck Records Search with Risk Assessment” as an alternate report that meets these criteria and may be provided in lieu of a Phase I site assessment.  

For questions regarding specific alternate reports, please contact the AHFC Multi-Family Underwriting Manager for a preliminary review of the report to determine if it will meet the requirements under the Multi-Family Loan Purchase Program.

New Email Mailbox for Multi-Family

AHFC’s Multi-Family Department has established a central email address:

               MFLoans@ahfc.us

Please direct all email communication regarding Multi-Family Loan Purchase Program inquiries and issues to this mailbox to allow for staff to be properly notified and provide a response.