CHFA FINAL CLOSING LIST
DATE:
CHFA DEV. NO.:
LOAN AMOUNT:
INITIAL CLOSING DATE:
DEVELOPMENT ADDRESS:
M
ML
CU
CL
CA
CT
=
=
=
=
=
=
MORTGAGOR:
MORTGAGOR LEGAL:
CHFA UNDERWRITER:
CHFA LEGAL:
CHFA ASSET MANAGEMENT:
CHFA TECHNICAL SERVICES
Item
Responsible
For
Delivery
Responsible
To
Approve/
Finalize
1.
Maximum Mortgage Letter
CU
CT
2.
Mortgagor Organizational
Document Amendments (if
applicable)
Mortgagor Certificate of Legal
Existence
D.R.S. “No Tax Due Letter” re:
Mortgagor
UCC Search re: Mortgagor
(state of entity formation)
Attorney’s Opinion Letter
ML
CL
ML
CL
ML
CL
ML
CL
ML
CL
Syndicator Proceeds Opinion
Letter
Mortgagee Title Insurance
Policy Endorsement
Modification Agreement (if
applicable)
Mortgagor Certification for Final
Closing [CHFA Form]
Termination of Capital
Contribution Escrow
Termination of any other Escrow
Disbursement Agreement(s) (if
necessary)
Current Paid Property Tax
Receipt
Current Rent Roll (certified by
Mortgagor as true and correct)
Permission to Occupy
ML
CL
ML
CL
CL
ML/CL
CL
ML/CL
CL
ML/CL
CL
ML/CL
M
CA
M
CA
M
CT
Ground Lessor Estoppel
Certificate (if applicable)
Property Insurance Policy
Update, Paid Receipt (1 year in
advance)
Copy of current Management
Agreement (and amendments)
Confirmation of General
Contractor Affirmative Action
Compliance
Confirmation of LIHTC Program
Compliance from Spectrum:
M
CL
M
CA
M
CA
M
CU
M
CA
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
a.
b.
Approved
Comments
As to Tenant Income
As to Owner’s
Certificate of
Continuing LIHTC
Program Compliance
1 | Connecticut Housing Finance Authority, 999 West Street, Rocky Hill, CT 06067
4/15/2015
Item
Responsible
For
Delivery
Responsible
To
Approve/
Finalize
Release of Retainage Sign-Off
Memo as to:
- Certificate of Occupancy
- As-Built Plans/Drawings
and Specifications
- Warranties of Specified
Building Components
- Confirmation of
Environmental
Compliance
As Built Survey (2 copies)
M
CT
M
CT
M
CT
M
Tax Credit
M
Tax Credit
26.
Certificate of General Contractor
[CHFA Form]
Owner’s Tax Compliance
Certification [CHFA Form]
Affidavit of Syndication
Proceeds [CHFA Form]
Form 8609
M
Tax Credit
27.
Accountant’s 90/10 Letter
M
CU
28.
Certification of Mortgagor
[CHFA Form]
Finance Confirmation that Loan
Payments are Current
Confirmation from Other
Lenders that Loan Payments are
Current
Mortgagor’s Statement of
Escrows and Deposits
Application for Final Advance
M
CU
Finance
CU
M
CU
M/CU
CU
CU
CU
M
CU
21.
22.
23.
24.
25.
29.
30.
31.
32.
33.
34.
Confirmation Very Low Income
Construction Employment
Policy was Complied with (if
applicable)
Such additional documents or
information as Lender deems
necessary or desirable
a. SEEC Form 10 (if not
obtained at Initial Closing)
Approved
Comments
M
2 | Connecticut Housing Finance Authority, 999 West Street, Rocky Hill, CT 06067
4/15/2015