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2011-175B
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Last modified
2/15/2016 9:45:45 AM
Creation date
10/1/2015 2:45:59 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Miscellaneous
Approved Date
08/16/2011
Control Number
2011-175B
Agenda Item Number
12.A.3
Entity Name
Department of Housing and Urban Development
Subject
Neighborhood Stabillzation Single Family Purchase
Redevelopment and Sales Program Manual
Alternate Name
NSP3
Supplemental fields
SmeadsoftID
10094
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K . Confidentiality of Client Data <br /> Developer will observe all Privacy Act requirements and keep client data in locked file <br /> cabinets or password - protected electronic files . <br /> XII . Homebuyer Counseling and Education <br /> A . Referral to Counseling and Education Program <br /> Upon notification of approval of an application for assistance, buyers will be referred to <br /> a third party Grantee- approved and HUD - approved program that offers at least eight <br /> hours of pre- purchase counseling and education . If buyers have already completed such <br /> a program , Developer must determine if the program meets Grantee and NSP3 <br /> requirements and must verify completion by obtaining and filing a certificate of <br /> completion . If the pre - purchase counseling and education does not meet requirements, <br /> buyers will have to complete training delivered by a HUD - approved counselor . <br /> Be Certificate of Completion <br /> Upon successful completion of a counseling and education program , Buyers will receive <br /> a certificate of completion . No buyers will be allowed to sign a sale agreement for an <br /> NSP3 home unless the completion of counseling and education has been verified by <br /> Developer and a copy filed in Developer' s records . <br /> XIII . Waiting - List <br /> A . Requirements for Waiting Lists <br /> Developer must establish and maintain a waiting list of all prospective homebuyers who <br /> are approved for assistance . Grantee may waive this requirement at its sole discretion if <br /> Developer demonstrates conclusively that a waiting list serves no purpose, because the <br /> number of homes available for sale exceeds the number of qualified buyers . <br /> Be Waiting List Procedures <br /> Developers will follow these procedures . <br /> 1 . Priority for selecting a completed home will be determined by the date <br /> that a client' s application for assistance was approved (that is, the client with the earlier <br /> date of approval shall have priority for selection . ) <br /> 2 . As a home or group of homes becomes available for sale, the home ( s ) will <br /> be offered first to the client with the highest priority, and if not selected , then to the <br /> client with the second highest priority, etc . <br /> 19 <br />
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