HUD 2530 Clearance

HUD 2530 CLEARANCE

Previous Participation Clearance

24 CFR 200.210

24 CFR 200.233

WHO MUST FILE

All Principal Participants

Sponsor

Owner

Contractor

Consultant

Management Agent

Nursing Home Administrator/Operator

WHO MUST FILE

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 Review3. Mortgage Assignment or Foreclosure4. Default under HAP Contract or violation/breach of HAP5. GSA Excluded Party Listing Name Match6. Regulatory Agreement Violation or Breach7. Debarment, suspension or temporary Denial to Participate8. “NO” answer on a Previous Participation Certification9. Failure to file financial statements

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

E-File in APPS

APPS HELP DESK

1-800-767-7588

WEBSITE

http://www.hud.gov/offices/hsg/mfh/apps/appsmfhm.cfm

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.

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

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 participatedColumn 4 – Status of loan

Tips for Completing a HUD 2530Schedule A

Column 5 – Was project ever in Default

Column 6 – Management Review/Physical Inspection Rating

Information verified

FILE EARLY!