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RIDER TO MULTIFAMILY LOAN AND SECURITY AGREEMENTREPAIR RESERVE FUNCTOR TARGETED AFFORDABLE HOUSING PROPERTIESWITH PRESERVATION REHABILITATION(Revised 552017)The following changes are made to the Loan
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Repair reserve fund is a fund set aside by a property owner or association to cover the costs of repairs and maintenance of the property.
Property owners or associations with reserved repair funds are required to file repair reserve fund.
Repair reserve fund should be filled out with details of the amount of funds set aside, planned repairs, and maintenance schedules.
The purpose of repair reserve fund is to ensure that property owners have funds available for necessary repairs and maintenance.
Information such as the amount of funds reserved, planned repairs, and maintenance schedules must be reported on repair reserve fund.
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