Your non-profit agency may be also be able to qualify as a HUD approved Housing Counseling agency. To find out how, please visit HUD's housing counseling homepage or read our housing counseling FAQs. Non-profit agencies can subscribe to the Single Family Housing email list. You will get frequent, training and event announcements, mortgagee letters, Grant programs, FHA mortgage limits and notices about your Single Family Non-profit business.

Yes, even if no HudHomes are purchased an annual report is still required. A simple letter format affirming that there was no activity will suffice. This is also known as a "negative report". See HUD mortgagee letter 2000-08 attachment 3. HUD does provide periodic training for non-profit agencies. Visit HUD's Events and Training calendar for any upcoming training opportunities.

CAIVRS is a Federal government database of delinquent Federal debtors that allows federal agencies to reduce the risk to federal loan and loan guarantee programs. CAIVRS alerts participating Federal lending agencies when an applicant for credit benefits, or for a position of trust in support of the administration of a Federal credit program, has a Federal lien, judgment or a Federal loan that is currently in default or foreclosure, or has had a claim paid by a reporting agency.

In order to begin the process of becoming HUD-approved, you need the application package (Mortgagee Letter 00-08 and 02-01) on our Web page, complete and provide to your appropriate HOC to obtain FHA insurance with the same percentage of financing available to owner-occupants (203b,203k ), secondary financing (DAPs) and/or the HUD Homes Program.

Approval to purchase HUD Homes at a discount. HUD/FHA allows non-profit organization to bid on and purchase HUD Homes at a discount. This allows the non-profit to pass on this savings, providing affordable housing opportunities for low-income or first time homebuyers. 2) Approval to finance FHA-insured mortgages at the same terms and conditions as an owner-occupant. This allows non-profits to purchase properties with lower down payment requirements, allowing them to fully leverage their funds.

Non-profit agencies must meet strict housing development experience requirements. The nonprofit must have a minimum of two consecutive years, within the last five years, of housing development experience. Housing development experience is defined as acquisition, rehabilitation, and sale to low-to-moderate income persons. Hiring of experienced personnel does not relieve the nonprofit of the experience requirement.

HUD has posted an index on the Internet that lists all the applicable mortgagee letters. In addition, Mortgagee Letter 2001-30 Appendix D, lists all the applicable mortgagee letters non-profits need to be familiar with.

Another one of HUD's Special Sales Program under the Good Neighbor Initiatives is the Direct Sales to Non-Profit Organizations and Government Agencies. This special sales program under which approved non-profit organizations and government agencies may purchase properties at discounted prices for use in local housing or homeless programs. More information on this program can be found at http://www.hud.gov/offices/hsg/sfh/reo/goodn/main.cfm

Gifts to the eventual purchasers for down payment, financing or closing costs, and any other purchaser-related expenses associated with their purchase of the property are not allowable net development costs. Guidance on "gift funds" can be found in several places. HUD Handbook 4155.1REV-4, Change 1 Change 1, HUD's secondary financing webpage, and HUD Mortgagee Letters 1997-05, 2001-30,and 2002-02.

Eligible nonprofits must have two years 501(c)(3) IRS tax-exempt status. Non-profit must submit to FHA their IRS letter of determination to prove their 501(c)(3) tax-exempt status. In addition, non-profits must certify compliance with IRS regulations that require nonprofits to notify the IRS of any substantial and material changes in the nonprofit's character, purpose, or methods of operation [IRS Reg. 1.501(a)-1(a)(2)601.201(h)(3)(ii)].

When someone with a HUD insured mortgage can't meet the payments, the lender forecloses on the home; HUD pays the lender what is owed; and HUD takes ownership of the home. HUD then sells the home at market value through a Marketing & Management Contractor such as PEMCO.

HFH is a Christian organization with no government involvement. We will however accept houses to rehab, and utilities, provided there are no strings attached, that would violate Habitat principles.

HUD is the acronym for the U. S. Department of Housing and Urban Development. HUD is the federal agency responsible for delivering the vast majority of the nation's affordable housing programs.

HUD requires that non-profits organizations (NPOs) submit an application describing their housing related mission and providing other information about their organization's structure, financing, and management. After this application has been reviewed and approved by HUD, the NPO is issued a NAID# and may buy HUD homes directly from the web site for their purposes. The types of non-profits vary widely, but they are almost always an IRS 501 (c)(3) corporation.

In order to participate in CAIVRS, a Federal government agency must identify target program(s), publish System of Records Notice in the Federal Register amending appropriate Privacy Act Systems of Records, and work with HUD to enter into an Interagency Agreement and a Computer Matching Agreement.

Since 1987, over 31 million borrowers have been pre-screened through CAIVRS. As a direct result of participating in CAIVRS, HUD alone has avoided over $12 billion in potential claims and over $4 billion in potential losses. USDA and VA have also realized significant claim and loss avoidance benefits. Additionally, participating Agencies have realized cash collections of delinquent debts on an annual average in excess of $6 million.

There are many advantages to having an agency assist you with your arrangement. A quality agency provides protection and support to all parties involved. We believe the number one advantage of using an agency is that we can use our experience to make your process as simple, and predictable, as possible. For the Intended Parents, a reputable agency provides high quality Surrogates who have been screened and, in our case, educated extensively.

There is no state agency that regulates non-perpetual care cemeteries. However, the State Health Department will step in if the cemetery in question poses a health hazard to the community and the Attorney General's Office Consumer Protection Division, (505) 827-6060, will investigate deceptive trade practice violations. Individual Counties and Cities also regulate cemeteries and should be contacted.