Hud 2530 Form PDF Details

Understanding the intricacies of the HUD 2530 form is crucial for those involved in multifamily housing projects that require approval from the U.S. Department of Housing and Urban Development (HUD) or the U.S. Department of Agriculture (USDA) Farmers Home Administration. This form, officially known as the Previous Participation Certification, plays a pivotal role in the application process for principals of such projects. It requires comprehensive disclosure of past project involvements, aiming to assess the applicant's reliability and risk from an underwriting perspective. By evaluating an applicant's history with HUD, USDA FmHA, and state or local government housing finance agencies, including any defaults, non-compliance incidents, or legal issues within the last ten years, the form helps ensure that only those with a solid track record in managing or participating in housing projects are allowed to proceed. Notably, it encompasses a wide scope, including certifications related to mortgage defaults, compliance with fair housing and civil rights requirements, and even personal legal standing regarding felony convictions. Its completion and submission are deemed necessary steps for securing HUD's approval, and any misrepresentation or omission can lead to dire consequences, emphasizing the form’s significance in maintaining integrity and accountability in federally assisted housing projects.

QuestionAnswer
Form NameHud 2530 Form
Form Length4 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min
Other names2530, hud 2530, form 2530, hud

Form Preview Example

Previous Participation Certification

OMB Approval No. 2502-0118 (Exp. 05/31/2019)

US Department of Housing and Urban Development

 

US Department of Agriculture

 

Office of Housing/Federal Housing Commissioner

 

Farmers Home Administration

 

 

 

 

 

 

Part I to be completed by Principals of Multifamily Projects (SEE INSTRUCTIONS)

For HUD HQ/FmHA use only

 

Reason for submission:

 

 

 

 

 

1. Agency name and City where the application is filed

 

2. Project Name, Project Number, City and Zip Code

 

 

 

 

 

 

 

3. Loan or Contract amount $

 

4. Number of Units or Beds

5. Section of Act

 

6. Type of Project (check one)

 

 

 

 

 

Existing

Rehabilitation Proposed (New)

7. List all proposed Principals and attach organization chart for all organizations

Name and address of Principals and Affiliates (Name: Last, First, Middle Initial) proposing to participate

8 Role of Each Principal in Project

9.SSN or IRS Employer Number

Certifications: The principal(s) listed above hereby apply to HUD or USDA FmHA, as the case maybe, for approval to participate as principal(s) in the role(s) and project listed above. The principal(s) each certify that all the

statements made on this form are true, complete and correct to the best of their knowledge and belief and are made in good faith, including any Exhibits attached to this form. Warning: HUD will prosecute false claims and statements. Conviction may result in criminal and/or civil penalties. The principal(s) further certify that to the best of their knowledge and belief:

1.Schedule A contains a listing, for the last ten years, of every project assisted or insured by HUD, USDA FmHA and/or State and local government housing finance agencies in which the principal(s) have participated or are now participating.

2.For the period beginning 10 years prior to the date of this certification, and except as shown on the certification:

a. No mortgage on a project listed has ever been in default, assigned to the Government or foreclosed, nor has it received mortgage relief from the mortgagee; b. The principals have no defaults or noncompliance under any Conventional Contract or Turnkey Contract of Sale in connection with a public housing project;

c. There are no known unresolved findings as a result of HUD audits, management reviews or other Governmental investigations concerning the principals or their projects; d. There has not been a suspension or termination of payments under any HUD assistance contract due to the principal’s fault or negligence;

e. The principals have not been convicted of a felony and are not presently the subject of a complaint or indictment charging a felony. (A felony is defined as any offense punishable by imprisonment for a term exceeding one year, but does not include any offense classified as a misdemeanor under the laws of a State and punishable by imprisonment of two years or less);

f. The principals have not been suspended, debarred or otherwise restricted by any Department or Agency of the Federal Government or of a State Government from doing business with such Department or Agency; g. The principals have not defaulted on an obligation covered by a surety or performance bond and have not been the subject of a claim under an employee fidelity bond;

3.All the names of the principals who propose to participate in this project are listed above.

4.None of the principals is a HUD/FmHA employee or a member of a HUD/FmHA employee's immediate household as defined in Standards of Ethical Conduct for Employees of the Executive Branch in 5 C.F.R. Part 2635 (57 FR 35006) and HUD's Standard of Conduct in 24 C.F.R. Part 0 and USDA's Standard of Conduct in 7 C.F.R. Part 0 Subpart B.

5.None of the principals is a participant in an assisted or insured project as of this date on which construction has stopped for a period in excess of 20 days or which has been substantially completed for more than 90 days and documents for closing, including final cost certification, have not been filed with HUD or FmHA.

6.None of the principals have been found by HUD or FmHA to be in noncompliance with any applicable fair housing and civil rights requirements in 24 CFR 5.105(a). (If any principals or affiliates have been found to be in noncompliance with any requirements, attach a signed statement explaining the relevant facts, circumstances, and resolution, if any).

7. None of the principals is a Member of Congress or a Resident Commissioner nor otherwise prohibited or limited by law from contracting with the Government of the United States of America.

8.Statements above (if any) to which the principal(s) cannot certify have been deleted by striking through the words with a pen, and the relevant principal(s) have initialed each deletion (if any) and have attached a true and accurate signed statement (if applicable) to explain the facts and circumstances.

Name of Principal

Signature of Principal

Certification Date(mm/dd/yyyy

Area Code and Tel. No.

This form prepared by (print name)

Area Code and Tel. No.

Previous editions are obsolete

ref Handbook 4065.1 Form HUD-2530 (2/2013)

Page 1 of 2

Previous Participation Certification

OMB Approval No. 2502-0118 (Exp. 05/31/2019)

Schedule A: List of Previous Projects and Section 8 Contracts. Below is a complete list of the principals’ previous participation projects and participation history in multifamily

Housing programs of HUD/FmHA, State and local Housing Finance Agencies. Note: Read and follow the instruction sheet carefully. Make full disclosure. Add extra sheets if you need more space. Double check for accuracy. If no previous projects, write by your name, “No previous participation, First Experience”.

1. Principals Name (Last, First)

2.List of previous projects (Project name, project ID and, Govt. agency involved )

3.List Principals’ Role(s) (indicate dates participated, and if fee or identity of interest participant)

4.Status of loan (current, defaulted, assigned, foreclosed)

5.Was the Project ever in default during your participation

Yes No If yes, explain

6.Last MOR rating and Physical Insp. Score and date

Part II- For HUD Internal Processing Only

Received and checked by me for accuracy and completeness; recommend approval or refer to Headquarters after checking appropriate box.

Date (mm/dd/yyyy)

Tel No. and area code

 

 

 

 

 

A. No adverse information; form HUD-2530 approval

C. Disclosure or Certification problem

Staff

Processing and Control

 

recommended.

 

 

 

B.

Name match in system

D. Other (attach memorandum)

 

 

 

 

 

Supervisor

Director of Housing/Director, Multifamily Division

Approved

Yes No

Date (mm/dd/yyyy)

Previous editions are obsolete

ref Handbook 4065.1 Form HUD-2530 (2/2013)

Page 2 of 2

Instructions for Completing the Previous

 

 

 

partnerships,

corporations,

trusts,

non-profit

Handicapped).

 

 

 

 

 

 

identification numbers that are relevant to the project.

Participation Certificate, form HUD-2530

 

 

organizations, any other public or private entity that

• Projects in which 20 percent or more of the units are

Also enter the name of the city in which the project is

Carefully read these instructions and the applicable

will participate in the proposed project as a sponsor,

to receive a subsidy as described in

 

 

located, and the ZIP Code.

 

 

 

regulations. A copy of those regulations published at

owner, prime contractor, turnkey developer, managing

24 C.F.R. 200.213.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

24 C.F.R. 200.210 to 200.245 can be obtained from the

agent, nursing home administrator or operator,

• Purchase of a project subject to a mortgage insured

Block 3: Fill in the dollar amount requested in the

Multifamily

Housing Representative at

any HUD

packager, or consultant. Architects and attorneys who

or held by the Secretary of HUD.

 

 

proposed

mortgage, or the annual amount of rental

Office. Type or print neatly in ink when filling out this

have any interest in the project other than an arm’s

 

 

assistance requested.

 

 

 

 

 

• Purchase of a Secretary-owned project.

 

 

 

 

 

 

 

form. Mark answers in all blocks of the form. If the

length fee arrangement for professional services are

 

 

Block 4: Fill in the number of apartment units

form is not filled completely, it will delay approval of

also considered principals by HUD.

 

 

 

• Proposed substitution or addition of a principal or

proposed, such as "40 units." For hospital projects or

your application.

 

 

 

 

 

 

 

 

 

In the case

of partnerships,

all general

partners

principal participation in a different capacity from

nursing homes, fill in the number of beds proposed,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

regardless of

their percentage

interest

and

limited

that previously approved for the same project.

 

such as "100 beds."

 

 

 

 

 

Attach extra

 

sheets as

you need them. Be

sure to

• Proposed acquisition by an existing limited partner of

 

 

 

 

 

indicate "Continued on Attachments" wherever

partners having a 25 percent or more interest in the

Block 5: Fill in the section of the Housing Act under

an additional interest in a project resulting in a total

appropriate. Sign each additional page that you attach

partnership are considered principals. In the case of

interest of 25 percent or more or proposed acquisition

which the application is filed.

 

 

 

if it refers to you or your record.

 

 

 

 

 

public or private corporations or governmental entities,

by a corporate stockholder of an additional interest in

Block 7: Definitions of all those who are considered

Carefully read the certification before you sign it.

principals include the president, vice president,

a project resulting in a total interest of 10 percent or

principals and affiliates are given above in the section

Any questions regarding the form or how to complete

secretary, treasurer and all other executive officers who

more.

 

 

 

 

 

 

 

titled "Who Must Sign and File...."

 

 

it can be answered by your HUD Office Multifamily

are directly responsible to the board of directors, or any

• Projects

with

U.S.D.A., Farmers Home Ad-

Block 8: Beside the name of each principal, fill in the

Housing Representative.

 

 

 

 

 

 

 

 

equivalent governing body, as well as all directors and

ministration, or with state or local government

appropriate role. The following are examples of

Purpose: This form provides HUD with a certified

each stockholder having a 10 percent or more interest

housing finance agencies that include rental

possible roles that the principals may assume:

report of all previous participation in HUD multifamily

in the corporation.

 

 

 

 

assistance under Section 8 of the Housing Act of

Owner/Mortgagor,

Managing

Agent,

Sponsor,

housing projects by those parties making application.

 

 

 

 

 

 

1937. For projects of this type, form HUD-2530

Developer, General Con-tractor, Packager, Consultant,

Affiliates are

defined as any

person

or

business

should be

filed

with the appropriate

applications

The information requested in this form is used by HUD

directly to those agencies.

 

 

 

 

Nursing Home Administrator etc.

 

 

 

to determine if you meet the standards established to

concern that directly or indirectly controls the policy of

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Review of Adverse Determination: If approval of

Block 9:

Fill in the Social Security Number or IRS

ensure that all principal participants in HUD projects

a principal or has the power to do so. A holding or

will

honor

their

legal,

financial

and

contractual

parent corporation would be an example of an affiliate

your participation in

a

HUD

project

is denied,

employer number of every principal listed, including

if one of its subsidiaries is a principal.

 

 

 

withheld, or conditionally granted on the basis of your

affiliates.

 

 

 

 

 

 

 

obligations

 

and

are

acceptable

risks

 

from

the

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

record of previous participation, you will be notified by

Instructions for Completing Schedule A:

underwriting standpoint of an insurer, lender or

Exception for Corporations – All principals and

the HUD Office. You may request reconsideration by

Be sure

that Schedule

A is filled-in completely,

governmental agency. HUD requires that you certify

affiliates must personally sign the certificate except in

your record of previous participation in HUD/USDA-

the following

situation. When

a corporation

is a

the HUD Review Committee. Alternatively, you may

accurately

and

the certification is

properly dated

FmHA, State

and

Local

Housing

Finance

Agency

principal, all

of its officers, directors,

trustees

and

request a hearing

before

a Hearing Officer. Either

and signed, because it will serve as a legal record of

request must be made in writing within 30 days from

your previous experience. All Multifamily Housing

projects by completing and signing this form, before

stockholders with 10 percent or more of the common

your receipt of the notice of determination.

 

projects involving HUD/ FmHA, and State and local

your

project

application

or

participation

can

be

(voting) stock need not sign personally if they all have

 

 

 

 

 

 

 

 

 

Housing

Finance

Agencies in

which

you have

approved.

 

 

 

 

 

 

 

 

 

 

 

 

the same record to report. The officer who is authorized

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If you do request reconsideration by the Review

previously participated must be listed.

Applicants

 

 

 

 

 

 

 

 

 

 

 

 

to sign for the corporation or agency will list the names

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Committee

and the

reconsideration results in

an

a re reminded that previous participation pertains to

HUD

approval of

your certification is

a

necessary

and title of those who elect not to sign. However, any

adverse determination, you may then request a hearing

the individual principal

within an entity as well as

precondition for your participation in the project and in

person who has a record of participation in HUD

before a Hearing Officer. The Hearing Officer will

the entity itself. A newly formed company may not

the capacity that you propose. If you do not file this

projects that is separate from that of his or her

issue a report to the Review Committee. You will be

have

previous

participation,

but

the

principals

certification, do not furnish the information requested

organization must report that activity on this form and

accurately, or do not meet established standards, HUD

sign his or her name. The objective is full disclosure.

notified of the final ruling by certified mail.

 

within

the

company

may have

had

extensive

Specific Line Instructions:

 

 

 

participation and disclosure of that activity is required.

will not approve your certification.

 

 

 

 

 

Exemptions – The names of the following parties do

 

 

 

 

 

 

 

 

not need to be listed on form HUD-2530: Public

Reason for submitting this Certification: e.g.,

Column 2. All previous projects must be listed or your

Note

that

approval of

your

certification

does

not

Housing Agencies, tenants, owners of less than five

refinance,

change

in

ownership,

change

in

certification cannot be processed. Include the name of all

obligate HUD to approve your project application,

management agent, transfer of physical assets, etc.

 

projects, project number, city where it is located and the

condominium or cooperative units and all others whose

 

and it does not satisfy all other HUD program

 

requirements relative to your qualifications.

 

 

interests were acquired by inheritance or court order.

Block 1: Fill in the name of the agency to which you

governmental agency (HUD, USDA-FmHA or state or local

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Where and When Form HUD-2530 Must Be

 

are applying. For

example: HUD Office, Farmers

housing finance agency) that was involved.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Home Administration District office, or the name of a

Column 3. List the role(s) as a principal, dates participated

Who Must Sign and File Form HUD-2530:

 

 

Filed: The original of this form must be submitted to

Form HUD-2530 must be completed and signed by all

the HUD Office where your project application will be

State or local housing finance agency. Below that, fill

and if fee or identity of interest (IOI) with owners.

principals applying to participate in HUD multifamily

processed at the same time you file your initial project

in the name of the city where the office is located.

 

 

 

 

 

 

 

 

 

 

 

housing projects, including those who have no

application. This form must be filed with applications

Block 2: Fill in

the

name of

the project, such

as

 

 

 

 

 

 

 

 

 

 

previous participation. The form must be signed and

for projects,

or when otherwise required

in

the

"Greenwood Apts." If the name has not yet been

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

situations listed below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

filed by all principals and their affiliates who propose

 

 

 

 

selected, write "Name unknown." Below that, enter the

 

 

 

 

 

 

 

 

 

 

participating in the HUD project. Use a separate form

• Projects to be financed with mortgages insured under

HUD contract or project identification number, the

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

for each role in the project unless there is an identity of

the National Housing Act (FHA).

 

 

 

Farmers Home Administration project number, or the

 

 

 

 

 

 

 

 

 

 

interest.

 

 

 

 

 

 

 

 

 

 

 

 

• Projects to be financed according to Section

 

 

State or local housing finance agency project or

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principals

include

all

individuals,

joint

ventures,

202 of the

Housing Act of

1959

(Elderly

and

contract number.

Include

all

project

or contract

 

 

 

 

 

 

 

 

 

 

Page 1 of 2

Column 4. Indicate the current status of the loan. Except for current loan, the date associated with the status is required. Loans under a workout arrangement are considered assigned. For all noncurrent loans, an explanation of the status is required.

Column 5. Explain any project defaults during your participation.

Column 6. Provide the latest Management Review (MOR) rating and Physical Inspection score.

Certification: After you have completed all other parts of

formHUD-2530,includingscheduleA,readtheCertification

atelephonenumber. Byprovidingatelephonenumber,HUD

carefully. In the box below the statement of the certification,

can reach you in the event of any questions.

fillinthenamesofallprincipalsandaffiliatesaslistedinblock

 

7. Each principal should sign the certification with the

If you cannot certify and sign the certification as it is printed

exception in some cases of individuals associated with a

because some statements do not correctly describe your

corporation (see “Exception for Corporations” in the section

record, use a pen to strike through those parts that differ with

of the instructions titled “Who Must Sign and File Form

your record, and then sign and certify.

HUD-2530). Principal who is signing on behalf of the entity

Attach a signed statement of explanation of the items you

should attach signature authority document. Each principal

have struck out on the certification. Item 2e. relates to felony

who signs the form should fill in the date of the signature and

convictions within the past 10 years. If you are convicted of

a felony within the past 10 years, strike out 2e. and attach statement of explanation. A felony conviction will not necessarily cause your participation to be disapproved unless there is a criminal record or other evidence that your previous conduct or method of doing business has been such that your participationintheprojectwouldmakeitanunacceptablerisk from the underwriting stand point of an insurer, lender or governmental agency.

The Department of Housing and Urban Development (HUD) is authorized to collect this information by law (42 U.S.C. 3535(d) and 24 C.F.R. 200.217) and by regulation at 24 CFR 200.210. This information is needed so that principals applying to participate in multifamily programs can become HUD-approved participants. The information you provide will enable HUD to evaluate your record with respect to established standards of performance, responsibility and eligibility. Without prior approval, a principal may not participate in a proposed or existing multifamily project. HUD uses this information to evaluate whether or not principals pose an unsatisfactory underwriting risk. The information is used to evaluate the potential principals and approve only individuals and organizations that will honor their legal, financial and contractual obligations.

Privacy Act Statement: The Housing and Community Development Act of 1987, 42 U.S.C. 3543 requires persons applying for a Federally-insured or guaranteed loan to furnish his/her Social Security Number (SSN). HUD must have your SSN for identification of your records. HUD may use your SSN for automated processing of your records and to make requests for information about you and your previous records with other public agencies and private sector sources. HUD may disclose certain information to Federal, State and local agencies when relevant to civil, criminal, or regulatory investigations and prosecutions. It will not be otherwise disclosed or released outside of HUD, except as required and permitted by law. You must provide all of the information requested in this application, including your SSN.

Public reporting burden for this collection of information is estimated to average 1 hour per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. This agency may not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number.

A response is mandatory. Failure to provide any of the information will result in your disapproval of participation in this HUD program.

Page 2 of 2

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Step 1: Firstly, access the editor by clicking the "Get Form Button" above on this webpage.

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With regards to the fields of this precise form, here is what you need to do:

1. When submitting the completed hud 2530, make certain to complete all needed blanks within the associated part. This will help to facilitate the work, which allows your information to be processed quickly and properly.

form 2530 writing process shown (step 1)

2. Just after this section is completed, proceed to enter the applicable details in all these: accurate signed statement if, Name of Principal, Signature of Principal, Certification Datemmddyyyy, Area Code and Tel No, This form prepared by print name, Area Code and Tel No, Previous editions are obsolete, ref Handbook Form HUD, and Page of.

Part number 2 for filling in form 2530

When it comes to accurate signed statement if and Name of Principal, be certain you do everything right in this section. The two of these could be the key fields in this file.

3. This step is easy - fill out all the empty fields in Schedule A List of Previous, Principals Name Last First, List of previous projects Project, List Principals Roles indicate, Status of loan current defaulted, Was the Project ever in default, and Last MOR rating and Physical Insp in order to complete this part.

form 2530 completion process explained (stage 3)

4. Your next section needs your details in the following parts: Part II For HUD Internal, Date mmddyyyy, Tel No and area code, Staff, Processing and Control, recommended, A No adverse information form HUD, Supervisor, Director of HousingDirector, Approved, Date mmddyyyy, Name match in system D Other, Previous editions are obsolete, Page of, and Yes No. Make sure that you give all requested information to go forward.

Guidelines on how to fill out form 2530 step 4

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