Sponsor-Dedicated Workforce Housing Properties

Per the Loan Documents Loan DocumentsAll Fannie Mae-approved documents evidencing, securing, or guaranteeing the Mortgage Loan. , to monitor an SDW Housing Property, the Servicer ServicerPrimary 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 Borrower BorrowerPerson 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 Borrower BorrowerPerson who is the obligor per the Note. , and:
  • attest to the  Form 6620.Supplemental.SDW  that the Servicer ServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. has audited the rent roll for Borrower BorrowerPerson who is the obligor per the Note. compliance with the required rent restrictions; or
  • for any noncompliance:
    • notify the Borrower BorrowerPerson who is the obligor per the Note. of the default; and
    • submit a Non-Monetary Default Borrower Request in the MAMP MAMPMultifamily 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 File Servicing 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 );
  • Property PropertyMultifamily 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 Document Loan DocumentAll Fannie Mae-approved documents evidencing, securing, or guaranteeing the Mortgage Loan. default Borrower BorrowerPerson 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 Servicer ServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. attestation; and
  • Property PropertyMultifamily 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.