HUD 2530 Clearance

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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 (lt60
  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.c
  fm

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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!