Get the free CHFA Form 702B: Post-Funding Submission Voucher

CFA Form 702B Page 1 of 1 10/14.v9 Colorado Housing and Finance Authority www.chfainfo.com CFA HomeAccesssm and CFA SectionEight Homeownership Programs Purchase Post-Funding Review Submission Voucher

How to fill out chfa form 702b post-funding

How to fill out CHFA Form 702b post-funding:

1. Gather all required documents: Before filling out the form, make sure you have all the necessary documents such as loan information, financial statements, and any other supporting documentation required by CHFA.
2. Provide accurate borrower information: Start by filling out the borrower's name, address, and contact details in the required fields. Double-check the information for any errors or typos.
3. Enter the loan details: Input the loan number, loan amount, and loan program type in the designated sections. Ensure that you accurately provide this information, as it is crucial for CHFA to process your application correctly.
4. Complete the income and asset section: Fill out the income and asset details as per the instructions provided. This section requires you to provide information about your employment, income sources, and any other assets you possess.
5. Report expenses and liabilities: Detail your monthly expenses, such as rent/mortgage, utilities, credit card debts, and other liabilities. Be thorough and accurate in providing this information.
6. Disclose other funding sources: If there are any other sources of funding or subsidies you receive, indicate them in this section. It is vital to disclose all relevant information to avoid any discrepancies.
7. Attach supporting documents: Attach all the necessary supporting documents as required by CHFA. These may include financial statements, pay stubs, tax returns, and other related paperwork. Ensure that you provide legible copies and organize them properly.
8. Review and sign: Before submitting the form, review all the entered information to ensure its accuracy and completeness. If required, seek assistance from a financial advisor or CHFA representative. Finally, sign the form and date it as instructed.

Who needs CHFA Form 702b post-funding?

1. Homeowners who have obtained funding through the Connecticut Housing Finance Authority (CHFA) and completed the post-funding stage may need to fill out the CHFA Form 702b. This form serves as a requirement for CHFA to assess the continued eligibility of the borrower for the loan program.
2. Borrowers who have experienced changes in their income, assets, or household composition since the initial loan approval may be required to complete this form. It allows CHFA to evaluate the impact of any modifications on the borrower's eligibility for their loan program.
3. Applicants who wish to request adjustments to their loan terms, such as modifications to interest rates, repayment plans, or other factors, may also need to fill out CHFA Form 702b. This form provides CHFA with the updated financial information required to evaluate and process such requests.

It is important to consult with CHFA or refer to their official guidelines regarding the specific circumstances that warrant the completion of Form 702b post-funding. The accuracy and completeness of the information provided in the form directly impact the borrower's eligibility for continued participation in CHFA loan programs.

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What is chfa form 702b post-funding?

CHFA Form 702b post-funding is a form required by the Colorado Housing and Finance Authority (CHFA) for reporting post-funding activities related to housing projects.

Who is required to file chfa form 702b post-funding?

Developers and sponsors of CHFA-assisted housing projects are required to file CHFA Form 702b post-funding.

How to fill out chfa form 702b post-funding?

CHFA Form 702b post-funding can be filled out electronically on the CHFA website or submitted through mail with all required information accurately completed.

What is the purpose of chfa form 702b post-funding?

The purpose of CHFA Form 702b post-funding is to track the financial and operating performance of CHFA-assisted housing projects after the initial funding has been provided.

What information must be reported on chfa form 702b post-funding?

Information such as rent rolls, financial statements, occupancy reports, and other project performance data must be reported on CHFA Form 702b post-funding.