For Project: P022895/001 - MYSTIC RIVER PARK CONDOMINIUM
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NOT APPROVED 10.18.24. INELIGIBLE: Article 11, Section (B)(2)(i)(b) of the Master Deed provides that no unit may be leased unless the owner has supplied the Trustees with written references with respect to all prospective tenants. This leasing restriction is not permitted under Handbook 4000.1 and violates the free-transferability provisions of 24 CFR 203.41. -The Master Deed must be amended by rescinding the above-referenced provision. ALSO MISSING: 1. The amendment to the Master Deed showing that the project has 260 units. • The First Amendment to the Master Deed states that the was reduced from 260 to 259. 2. Information regarding the loan. 3. Information regarding the special-assessment. 4. Proof of adequate fidelity bond/crime insurance coverage. |
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