TIF may or may not be recognized as a source of funds, equity, additional income, or a loan in FHA insured underwriting. The MAP Lender must:
1. Disclose a proposed or existing TIF Commitment at the Concept Meeting;
2. Determine the amount and terms of the TIF and whether or not the specific work in the TIF
Commitment is included in the improvements for FHA-insured mortgage; and
3. Document that none of the TIF proceeds are used to support FHA-insured mortgage proceeds, or
provide complete analysis and documentation demonstrating that the TIF funds and any tax benefits
are irrevocably committed.