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20MultiUnitAcquisition-RehabilitationAffordableRentalHousingapprovingx1dclaricationsx1dbetweenx1dcontractorx1dandx1darchitect.x1dx1dAllx1dpartiesx1dmustx1dagreex1donx1danyx1dchangex1dorder.x1dx1div.x1dx1dDrawx1dRequestx1dx1dAsx1dpartx1dofx1dthex1dinspectionx1dmeetingx1dthex1ddrawx1drequestx1disx1dreviewed.x1dx1dConstructionx1dprogressx1disx1dagreedx1duponx1dbillsx1dreviewedx1dandx1dchangex1dordersx1dexaminedx1dandx1dapprovedx1dsignedx1dbyx1dallx1dparties.x1dx1dv.x1dx1dLienLienx1dReleasesx1dx1dUponx1dcompletionx1dofx1dworkx1dbyx1dvariousx1dtradesx1dandx1dsuppliersx1dlienx1dreleasesx1darex1dissuedx1dsignedx1dandx1dforwardedx1dforx1drecordation.x1dx1dvi.x1dx1dPaymentsx1dx1dPerx1dthex1dloanx1dagreementx1dfundsx1darex1dreleasedx1dbyx1dthex1dconstructionx1dlenderx1dandx1dparticipatingx1dlendersx1dcityx1dandorx1dstatex1dsourcesx1dtox1dthex1dconstructionx1daccountx1dmanagedx1dbyx1dyourx1dorganization.x1dx1dYoux1dwillx1dsubsequentlyx1dtransferx1dfundsx1dtox1dthex1dcontractor.x1dx1dThex1dagreementx1dalsox1ddenesx1dthex1dturn-aroundx1dperiodx1dforx1dfundingx1dbyx1dbothx1dthex1dbankx1dandx1dbyx1dyoux1dtox1dthex1dcontractor.x1db.x1dx1dPrex1dLeasingx1dx1dEachx1dfundingx1dsourcex1dincludingx1dthex1dtaxx1dcreditsx1dhasx1drestrictionsx1donx1dfamilyx1dincomex1dandx1dfamilyx1dsize.x1dx1dPotentialx1dtenantsx1dmustx1dbex1dpre-qualied.x1dx1dInx1dmostx1dcasesx1dtherex1dwillx1dbex1dgreaterx1ddemandx1dthanx1dtherex1darex1dunitsx1dresultingx1dinx1dthex1dneedx1dforx1dax1ddrawingx1dorx1dx1clotteryx1d.x1dx1dManyx1dofx1dthex1dsourcesx1dalsox1dhavex1dstrictx1drequirementsx1donx1dhowx1dandx1dwherex1dthex1dprex1dleasingx1disx1dadvertised.x1dx1dc.x1dx1dTenantx1dManagementx1dx1dIfx1dyourx1dprojectx1drequiresx1dminorx1drehabilitationx1dandx1dtherex1darex1dexistingx1dtenantsx1dyoux1dmustx1dplanx1donx1dwhichx1dunitsx1dmustx1dbex1dvacantx1dandx1dhowx1dtenantsx1dwillx1dbex1dmovedx1dwithinx1dthex1dproject.x1dx1dx1dd.x1dx1dConstructionx1dCompletionx1dx1dTaxx1dcreditsx1drequirex1dthatx1dax1dprojectx1dmustx1dbex1dplacedx1dintox1dservicex1dbyx1dax1dspeciedx1ddatex1dorx1dthex1dcreditsx1dwillx1dnox1dlongerx1dhavex1dvalue.x1dx1dAdditionallyx1dthex1dequityx1dinvestorx1dhasx1destimatedx1dtheirx1dequityx1dinvestmentx1dintox1dthex1dprojectx1dbasedx1donx1dwhatx1dthex1dplaced-inx1dservicex1ddatex1disx1dthex1dpartnershipx1dagreementx1dwillx1dincludex1dmonetaryx1dx1cpenaltiesx1dx1difx1ddaysx1darex1dmissed.x1dx1dx1de.x1dx1dArchitectx1dSignx1dOffx1dx1dFinalx1dcompletionx1dsignx1doffx1df.x1dx1dBuildingx1dInspectionx1dSignx1dOffx1dx1dCompletionx1dandx1dissuancex1dofx1dthex1dCerticatex1dofx1dOccupancyx1disx1dbyx1dthex1dcityx1dbuildingx1dinspector.18.x1dx1dLeasingMovex1dInx1dx1dThex1dmanagementx1dcompanyx1dwillx1dcoordinatex1dmovex1dinx1dwithx1dthex1dlotteryx1dwinners.x1dx1dTheyx1dwouldx1dhavex1dalsox1dreviewedx1deachx1dtenantx19sx1dnancialx1dstatusx1dtox1ddeterminex1difx1dtheyx1dmeetx1dthex1dincomex1dguidelinesx1dforx1dlowx1dorx1dmoderatex1dincomex1dindividualsx1dandx1dfamilies.x1d19.x1dx1dProjectx1dStabilizationx1dConstructionx1dLenderx1dx1dThex1dconstructionx1dlenderx1dwillx1dbex1drepaidx1dbyx1dthex1dpermanentx1dlenderx1duponx1dmeetingx1dcertainx1dagreedx1duponx1dleasingx1dgoalsx1dprojectx1dleasex1dupx1dstabilization.x1dx1dThex1dtermsx1dofx1dthex1dleasex1dupx1darex1drequirementsx1dofx1dthex1dpermanentx1dlenderx1dperx1dyourx1dloanx1dagreement.x1dx1dTaxx1dCreditx1dRequirementsx1da.x1dx1dFilingx1dofx1d8609x1dMeetx1dTaxx1dCreditx1dRequirementsx1dx1dThisx1disx1danx1dInternalx1dRevenuex1dServicex1ddocument20.x1dx1dConversionClosingx1dofx1dPermanentx1dFinancingx1dx1dStabilizationx1disx1dthex1dmainx1dtriggerx1dforx1dthex1dconversionx1dhoweverx1dtherex1darex1dax1dnumberx1dofx1ditemsx1dthatx1darex1doutlinedx1dinx1dthex1dpermanentx1dloanx1dagreementx1dclearx1dtitlex1doccupancyx1dcerticationx1dapprovalx1dofx1dparticipatingx1dlendersx1detc.