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HFA Initiative Process to Release Multifamily Program Bond Proceeds from Escrow Fund. January 29, 2010 3:00 PM Eastern time. Agenda. Review of Multifamily Escrow Release Timeline Overview of MF NIBP Escrow Release Timeline for MF NIBP Escrow Release Questions. MF NIBP Program Terms.
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HFA Initiative Process to Release Multifamily Program Bond Proceeds from Escrow Fund January 29, 2010 3:00 PM Eastern time
Agenda • Review of Multifamily Escrow Release Timeline • Overview of MF NIBP Escrow Release • Timeline for MF NIBP Escrow Release • Questions
MF NIBP Bond Interest Rates Settlement Date Release Date 2 months Conversion Date NOTE: The underlying mortgage note rate must use the Permanent Rate as its base rate.
MF NIBP Bond Interest Rates Settlement Date Release Date Conversion Date NOTE: The base rate for the underlying mortgage note rate must use the Construction Program Bond Variable Rate for the first 48 months and the Permanent Rate thereafter.
Q&A Questions...