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DocuSign Envelope ID: E1A0E30C-7C28-45F5-8C00-3FE5E3A80950 202401002 uses/equity gap information, and a completed pro forma table. After Department approval, the Pro Forma shall be incorporated herein by this reference. §2.07 Other Special Conditions. The following must be submitted to the Department for review by the Department's Program Representative for Recipient's program: (a) A Proposed Cash Flow Distribution Plan – A description of how excess cash flow will be distributed. The Department must approve any changes to this plan made during the contract and project affordability period. (b) A Proposed Agreement for Governing Reserves – The Recipient must provide proposed rules for operating and replacement reserves to be capitalized at closing. (c) The Recipient's Tenant Selection Process. (d) A Proposed Lease Agreement -The Department must approve any changes made to this lease agreement during the contract and project affordability period. (e) If applicable, a Transition Plan – A description of the transition from rental to homeownership with Department required provisions. (f) If applicable, a Net Sales Proceeds Plan. (g) If applicable, Homebuyer Program Guidelines. (h) If the Project involved new construction or rental conversion the proposed site of the project must be reviewed and approved by the Department prior to any activity, including land purchase. Site reviews must be done at least 45 days prior to the Recipient starting the activity unless special approval for a reduced amount of time is received from the Department. If the Project involves new construction and rental conversions (where renovation alters an existing building's value by 50% or more), plans and specifications must be approved through Nebraska Department of Environment & Energy (NDEE) to ensure compliance with the most recent International Energy Conservation Code. Applicants submitting information as early in the project as possible helps avoid delay in reaching Release of Funds. If the Recipient is not also the owner of the rental property, the Recipient must submit a recorded security agreement with the covenant for the project property prior to release of funds. (i) U) PART III: SOURCES AND USES OF FUNDS; PROJECT DESCRIPTION; CONDITIONS GOVERNING THE USE OF TRUST FUNDS. §3.01 Sources and Uses of Funds; Matching Funds. Sources and Uses of Funds for the Project are shown in the table below. NAHTF 23-TFRH-34010—Page 6 of 18