"Transfer of Ownership Checklist" - Arkansas

Transfer of Ownership Checklist is a legal document that was released by the Arkansas Development Finance Authority - a government authority operating within Arkansas.

Form Details:

  • Released on August 1, 2019;
  • The latest edition currently provided by the Arkansas Development Finance Authority;
  • Ready to use and print;
  • Easy to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of the form by clicking the link below or browse more documents and templates provided by the Arkansas Development Finance Authority.

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( ) LIHTC
( ) HOME
( ) OTHER ________
Received:
/
/
.
( ) PARTIAL RELEASE
TRANSFER OF OWNERSHIP CHECKLIST
PROPERTY:
FROM:
.
TO:
.
o
Letter from Seller and Purchaser requesting change of ownership - including a statement
that the new owners will keep the development affordable according to the terms of all
agreements, currently in place, for the subject property/properties, specifying whether:
___________________________.
( ) HOME , ( ) LIHTC and/or ( ) OTHER
((FUNDS SOURCE)
o __Purchaser acknowledges receipt of a copy of ALL active funding agreements (list):
___________________________.
( ) HOME , ( ) LIHTC and/or ( ) OTHER
((FUNDS SOURCE
o
__ Fully c
ompleted Owner Contact / Responsible Party Information form ( by Purchaser)
o
Copy of Sale/Purchase Agreement
o
Approval of current Limited Partner (tax credit equity fund)
o
Draft of Assignment and Assumption Agreement (of LURA)
o
Resume of purchaser(s)
o
Organization chart of purchaser containing all parties holding an interest in the development
o
Criminal Background and Disclosure Form (Attachment A on ADFA's website) for all new
entities and individuals
o
Conflict of Interest Acknowledgment and Disclosure (Attachment F-1 on ADFA's website) for
all new entities and individuals
o
Contract and Grant Disclosure and Certification Form (Attachment F-2 on ADFA's
website) for all new entities and individuals
o
Release of Information Form (Attachment P on ADFA's website) for Purchaser for each
state in which they are doing business
o
Financials of all entities/persons involved
o
Status of bonds, if applicable
o
$500.00 change fee check payable to ADFA
Check #__________ $__________
o
__Copy of any other document(s) pertinent to the request ____________________________
o
__Will there be a management change with this request ____ yes or ____ no
ACKNOWLEDGED/ APPROVED BY: _____________________________________ DATE: _____________
TRANSFER OF OWNERSHIP CHECKLIST 08.01.19
( ) LIHTC
( ) HOME
( ) OTHER ________
Received:
/
/
.
( ) PARTIAL RELEASE
TRANSFER OF OWNERSHIP CHECKLIST
PROPERTY:
FROM:
.
TO:
.
o
Letter from Seller and Purchaser requesting change of ownership - including a statement
that the new owners will keep the development affordable according to the terms of all
agreements, currently in place, for the subject property/properties, specifying whether:
___________________________.
( ) HOME , ( ) LIHTC and/or ( ) OTHER
((FUNDS SOURCE)
o __Purchaser acknowledges receipt of a copy of ALL active funding agreements (list):
___________________________.
( ) HOME , ( ) LIHTC and/or ( ) OTHER
((FUNDS SOURCE
o
__ Fully c
ompleted Owner Contact / Responsible Party Information form ( by Purchaser)
o
Copy of Sale/Purchase Agreement
o
Approval of current Limited Partner (tax credit equity fund)
o
Draft of Assignment and Assumption Agreement (of LURA)
o
Resume of purchaser(s)
o
Organization chart of purchaser containing all parties holding an interest in the development
o
Criminal Background and Disclosure Form (Attachment A on ADFA's website) for all new
entities and individuals
o
Conflict of Interest Acknowledgment and Disclosure (Attachment F-1 on ADFA's website) for
all new entities and individuals
o
Contract and Grant Disclosure and Certification Form (Attachment F-2 on ADFA's
website) for all new entities and individuals
o
Release of Information Form (Attachment P on ADFA's website) for Purchaser for each
state in which they are doing business
o
Financials of all entities/persons involved
o
Status of bonds, if applicable
o
$500.00 change fee check payable to ADFA
Check #__________ $__________
o
__Copy of any other document(s) pertinent to the request ____________________________
o
__Will there be a management change with this request ____ yes or ____ no
ACKNOWLEDGED/ APPROVED BY: _____________________________________ DATE: _____________
TRANSFER OF OWNERSHIP CHECKLIST 08.01.19