Freddie Mac Seller/Servicer Guide 5705.4: Cooperative Project eligibility
This section contains the following subsections:
Freddie Mac publishes the full text of this section: Freddie Mac Seller/Servicer Guide 5705.4 on the Freddie Mac website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- (a) Cooperative Project completion requirements
- (b) Owner-occupancy requirements
- (c) Cooperative Project budget requirements
- (d) Financial obligations of Cooperative Project
- (e) Market acceptance
- (f) Minimum number of Cooperative Units
- (g) Subsidies or other benefits for Cooperative Project
- (h) Requirements for the underlying Blanket Mortgage for Cooperative Project
- (i) Prior Cooperative Project financing
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.