Section 1002

Healthy Design

Requirements

Product Description
Eligibility	You must ensure: The PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). has rent or income restrictions where at least 50% of the units serve tenants with incomes of 80% of AMI or less. The PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). received a Fannie MaeFannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! recognized Healthy Design certification per Form 4248 before Rate LockRate LockAgreement between you and the Investor containing the terms of the Lender-Arranged Sale or Multifamily Trading Desk trade of the Mortgage Loan and the MBS terms and conditions relating to the underlying MBS, if applicable, which may be documented via a recorded telephone conversation. . The BorrowerBorrowerPerson who is the obligor per the Note. did not previously receive this benefit for the same PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). .
Certification Cost	Borrower'sBorrower'sPerson who is the obligor per the Note. responsibility.

Product Description

Eligibility

You must ensure:

The PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). has rent or income restrictions where at least 50% of the units serve tenants with incomes of 80% of AMI or less.
The PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). received a Fannie MaeFannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! recognized Healthy Design certification per Form 4248 before Rate LockRate LockAgreement between you and the Investor containing the terms of the Lender-Arranged Sale or Multifamily Trading Desk trade of the Mortgage Loan and the MBS terms and conditions relating to the underlying MBS, if applicable, which may be documented via a recorded telephone conversation. .
The BorrowerBorrowerPerson who is the obligor per the Note. did not previously receive this benefit for the same PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). .

Certification Cost

Borrower'sBorrower'sPerson who is the obligor per the Note. responsibility.

Guidance

You may choose to pay the Borrower'sBorrower'sPerson who is the obligor per the Note. certification cost. Fannie MaeFannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! will reimburse you for the certification cost after DeliveryDeliverySubmission of all correct, accurate, and certifiable documents, data, and information with all applicable documents properly completed, executed, and recorded as needed, and any deficiencies resolved to Fannie Mae’s satisfaction. per the How to: Register, Quote, Close, and Deliver a Healthy Housing Rewards Mortgage Loan.