Yes, the Recapture Agreement must be filed separately. The Mortgage/Note and Recapture Agreement documents should never be combined into one document. The Mortgage and Note are about money and the Recapture Agreement is about time.
No, iThe HOME student question is different from the LIHTC student question. LIHTC needs to know if all occupants are full-time students and HOME needs to know if anyone is a student (part-time or full-time) at an institution of higher education.
No, a calculation is never necessary. HUD distributes the limits generally on an annual basis. This limit was formerly called the 203(b) or 95% limit. These limits are now called the HOME Homeownership Value Limits.