REQUEST TO LENDER
REQUEST TO LENDER
Date: February, 2004
TO: Lending institute or CMHC Direct Lending
Attn: To Whom It May Concern
Re: On-Reserve Rental Housing Program
Section 9 and Section 95 of the
National Housing Act (NHA)
The Any First Nation is planning to construct (6) units on the Samson Reserve under the above referenced program, at a cost of $655,715.51. We anticipate the insured loan required will be $456,000.00.
A condition of our approval is that we survey Approved Lenders (Lenders approved to lend under the NHA) to determine the best available interest rate. Interest rates under the Section 95 Social Housing Program may not exceed the mean as surveyed weekly by Canada Mortgage and Housing Corporation. The maximum acceptable rate may be obtained by contacting CMHC.
Lenders must also indicate that if they are unable to provide the acceptable interest at roll-over, they will allow the loan to be re-assigned without penalty.
Information relating to the On-Reserve Rental Housing Program may be obtained by contacting Ms. Bonnie Thompson, Canada Mortgage and Housing Corporation, at (780) 423-8602.
Request to Lender
Page 2
Please provide your quotation rates for the options contained herein by 12 noon on June 12, 2004.
Yours Truly,
Housing Coordinator
Any First Nation
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