Robinson

Key facts from Robinson's documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Multifamily residential rental project – Aspen Village Apartments (Page 1 (WHEREAS): 'multifamily projects )

Governing law

Internal Revenue Code Section 142(d) and Section 42; Montana Housing Act (Section 3(a) refers to Section 142(d); S)

Age restriction

No; Project is family (not elderly) per Exhibit A-2 item 14 (Exhibit A-2 item 14: 'YES - Family')

Assessments & dues

No HOA assessments; fees paid to Issuer and Trustee per Loan Agreement and Indenture (Section 10: 'The Borrower shall pay to t)

Collections & liens

Financial obligations are not a lien on the Project; remedies include specific performance, lease-up by Trustee (Section 25: 'obligations ... for payment)

Reserves & fees

Project replacement and reserve accounts required by law or Board Requirements; must be retained on sale or transfer (LIHTC Declaration Section 4B(iii) and 4D)

Leasing & rentals

Yes, the Project is residential rental property; leases must comply with Section 42 (Section 4(g): Lease or rental agreement )

Parking & vehicles

Parking areas mentioned as functionally related and subordinate facilities (Section 3(a): 'functionally related and )

Maintenance

Borrower (owner) responsible for maintenance, compliance with codes (Section 3(h) and (i): Project maintained)

Use restrictions

Yes, residential rental property (Section 3(a): 'Project shall be operated)

Amendments

By written agreement signed by Issuer, Trustee, and Borrower; requires Bond Counsel opinion that amendment does not affect tax-exempt status (Section 6: 'amended only by a written am)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.