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Published byMariah Walsh Modified over 8 years ago
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HUD 2530 Clearance
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HUD 2530 CLEARANCE Previous Participation Clearance 24 CFR 200.210 24 CFR 200.233
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WHO MUST FILE All Principal Participants Sponsor Owner Contractor Consultant Management Agent Nursing Home Administrator/Operator
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WHO MUST FILE
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Participant Flags in APPS Critical Findings – Cannot be cleared by local HUD Office 1. Unacceptable Physical Inspection Score (<60 pts) 2. Below Average or Unsatisfactory Management Review 3. Mortgage Assignment or Foreclosure 4. Default under HAP Contract or violation/breach of HAP 5. GSA Excluded Party Listing Name Match 6. Regulatory Agreement Violation or Breach 7. Debarment, suspension or temporary Denial to Participate 8. “NO” answer on a Previous Participation Certification 9. Failure to file financial statements
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Participant Flags in APPS Non-Critical Findings – Can be cleared by local HUD 1. Performance problems 2. Unauthorized secondary financing 3. Non-compliance with HUD obligations 4. Unresolved audit findings 5. Unauthorized Transfer of Physical Assets 6. Work stoppage
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E-File in APPS APPS HELP DESK 1-800-767-7588 WEBSITE http://www.hud.gov/offices/hsg/mfh/apps/appsmfhm.cfm
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Paper File a HUD 2530 Review for accuracy before submission Errors/omissions will cause a reject of the application Local HUD Office can make changes in Blocks 1 – 6 only.
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Paper File a HUD 2530 Tips for Completing a HUD 2530 Part 1 – Reason for Submission Block 2 – Enter newly assigned project # Block 7 - Full disclosure of all participants Block 9 – Expected interest in Ownership Entity Signature Block
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Tips for Completing a HUD 2530 Schedule A Column 1 - One principal for each Schedule A. Exception if participation is identical. Column 2 – All properties the principal has participated in Column 3 – Role in Project /date participated Column 4 – Status of loan
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Tips for Completing a HUD 2530 Schedule A Column 5 – Was project ever in Default Column 6 – Management Review/Physical Inspection Rating Information verified
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FILE EARLY!
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