1. (a) reasons for refinance; if housing company is a cooperative, attach a copy of the resolution authorizing the refinance;
2. (b) existing mortgagee, approximate amount of mortgage, and brief description of mortgagee's pre-payment procedures;
3. (c) existing government subsidies, the responsible agency, and a statement of what effect, if any, payment of the existing mortgage will have upon the subsidy;
4. (d) impact, if any, of refinance on real property tax abatement;
5. (e) new lender, amount of new loan, interest rate, application or commitment fee, and method by which new lender was selected; attach a copy of the term sheet or commitment letter;
6. (f) credit enhancements and responsible agency;
7. (g) post-transaction sources of funding and responsible agencies;
8. (h) where transaction involves transfer of development, name of new owner, description of ownership structure, and request for approval of new owner with completed disclosure questionnaire;
9. (i) capital work, and the estimated cost thereof, to be done with loan proceeds; attach a copy of current physical condition survey or consultant's report and sources and uses summary;
10. (j) amount of reserves to be funded from proceeds of loan;
11. (k) any severance of housing company property, including justification for the severance, and description and value of the parcel to the severed; attach a copy of a certified appraisal;
12. (l) analysis of current rent/maintenance structure to show sufficiency to cover new debt service and other expenses, and if not, amount of rent increase applied for and status of application;
13. (m) request and justification for any modification of the division's supervisory role such as those set forth in section 1760.4 of this Part;
14. (n) new managing agent, if any, with request for approval of new managing agent;
15. (o) where post-transaction funding is provided by the Housing Finance Agency or Empire State Development Corporation, documentation upon which the division may make findings required by sections 2, 26-b, and 44-c(2) of the Private Housing Finance Law; and
16. (p) anticipated date of closing.

No less than 30 days prior to the anticipated date of closing, the housing company must submit to the division a request for approval of the refinance with the following information and supporting documents: