Previous Participation Certification (Form Hud-2530) Page 3
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4partnerships,
corporations,
trusts,
non-profit
• Projects to be financed according to Section
the State or local housing finance agency project or
organizations, any other public or private entity that
contract number. Include
project or contract
202 of the Housing Act of 1959 (Elderly and
will participate in the proposed project as a sponsor,
Handicapped).
identification numbers that are relevant to the project.
Carefully read these instructions and the applicable
owner,
prime
contractor,
turnkey
developer,
• Projects in which 20 percent or more of the units are
Also enter the name of the city in which the project is
regulations. A copy of those regulations published at
managing agent, nursing home administrator or
located, and the ZIP Code.
24 C.F.R. 200.210 to 200.245 can be obtained from
to receive a subsidy as described in
operator, packager, or consultant. Architects and
the Multifamily Housing Representative at any HUD
24 C.F.R. 200.213.
attorneys who have any interest in the project other
Office. Type or print neatly in ink when filling out
Fill in the dollar amount requested in the
• Purchase of a project subject to a mortgage insured
than an arm’s length fee arrangement for professional
proposed mortgage, or the annual amount of rental
this form. Mark answers in all blocks of the form. If
or held by the Secretary of HUD.
assistance requested.
services are also considered principals by HUD.
the form is not filled completely, it will delay
• Purchase of a Secretary-owned project.
approval of your application.
Fill in the number of apartment units
In the case of partnerships, all general partners
• Proposed substitution or addition of a principal or
proposed, such as "40 units." For hospital projects or
regardless of their percentage interest and limited
Attach extra sheets as you need them. Be sure to
principal participation in a different capacity from
nursing homes, fill in the number of beds proposed,
partners having a 25 percent or more interest in the
indicate "Continued on Attachments" wherever
that previously approved for the same project.
such as "100 beds."
partnership are considered principals. In the case of
appropriate. Sign each additional page that you attach
• Proposed acquisition by an existing limited partner
public or private corporations or governmental
if it refers to you or your record.
Fill in the section of the Housing Act under
of an additional interest in a project resulting in a
entities, principals include the president, vice
which the application is filed.
total interest of 25 percent or more or proposed
president, secretary, treasurer and all other executive
Any questions regarding the form or how to complete
acquisition by a corporate stockholder of an
Definitions of all those who are considered
it can be answered by your HUD Office Multifamily
officers who are directly responsible to the board of
additional interest in a project resulting in a total
principals and affiliates are given above in the section
interest of 10 percent or more.
titled "Who Must Sign and File...."
Housing Representative.
directors, or any equivalent governing body, as well
Projects with U.S.D.A., Farmers Home Ad-
as all directors and each stockholder having a 10
This form provides HUD with a certified
Beside the name of each principal, fill in the
ministration, or with state or local government
percent or more interest in the corporation.
report of all previous participation in HUD
appropriate role. The following are examples of
housing finance agencies that include rental
multifamily housing projects by those parties making
possible roles that the principals may assume:
assistance under Section 8 of the Housing Act of
application. The information requested in this form is
Affiliates are defined as any person or business
Owner/Mortgagor,
Managing
Agent,
Sponsor,
1937. For projects of this type, form HUD-2530
concern that directly or indirectly controls the policy
used by HUD to determine if you meet the standards
Developer,
General
Con-tractor,
Packager,
should be filed with the appropriate applications
of a principal or has the power to do so. A holding or
established to ensure that all principal participants in
Consultant, Nursing Home Administrator etc.
directly to those agencies.
parent corporation would be an example of an affiliate
HUD projects will honor their legal, financial and
If approval of
if one of its subsidiaries is a principal.
Fill in the percentage of ownership in the
contractual obligations and are acceptable risks from
your participation in a HUD project is denied,
proposed project that each principal is expected to
– All principals and
the underwriting standpoint of an insurer, lender or
withheld, or conditionally granted on the basis of your
have.
affiliates must personally sign the certificate except in
governmental agency. HUD requires that you certify
record of previous participation, you will be notified
Fill in the Social Security Number or
the following situation. When a corporation is a
your record of previous participation in HUD/USDA-
by the HUD Office. You may request reconsideration
IRS employer number of every principal listed,
principal, all of its officers, directors, trustees and
FmHA, State and Local Housing Finance Agency
by the HUD Review Committee. Alternatively, you
including affiliates.
stockholders with 10 percent or more of the common
projects by completing and signing this form, before
may request a hearing before a Hearing Officer.
(voting) stock need not sign personally if they all have
your project application or participation can be
Either request must be made in writing within 30 days
Be sure that Schedule A is filled-in completely,
the same record to report. The officer who is
approved.
from your receipt of the notice of determination.
accurately and the certification i s properly dated
authorized to sign for the corporation or agency will
and signed, because it will serve as a legal record
list the names and title of those who elect not to sign.
HUD approval of your certification is a necessary
If you do request reconsideration by the Review
of your previous experience.
All Multifamily
However, any person who has a record of
precondition for your participation in the project and
Committee and the reconsideration results in an
Housing projects involving HUD/ FmHA, and
participation in HUD projects that is separate from
in the capacity that you propose. If you do not file this
adverse determination, you may then request a
that of his or her organization must report that activity
State and local Housing Finance Agencies in which
certification, do not furnish the information requested
hearing before a Hearing Officer. The Hearing Officer
on this form and sign his or her name. The objective
you have previously participated
listed.
accurately, or do not meet established standards, HUD
will issue a report to the Review Committee. You will
is
disclosure.
Applicants
a r e
reminded
that
previous
will not approve your certification.
be notified of the final ruling by certified mail.
The names of the following parties do
participation pertains to the individual principal
Note that approval of your certification does not
within an entity as well as the entity itself. A newly
not need to be listed on form HUD-2530: Public
obligate HUD to approve your project application,
this Certification: e.g.,
formed
company
may
not
have
previous
Housing Agencies, tenants, owners of less than five
and it does not satisfy all other HUD program
refinance,
change
in
ownership,
change
in
participation, but the principals within the company
condominium or cooperative units and all others
requirements relative to your qualifications.
management agent, transfer of physical assets, etc.
may have had extensive participation and disclosure
whose interests were acquired by inheritance or court
Fill in the name of the agency to which you
of that activity is required.
order.
are applying. For example: HUD Office, Farmers
Form HUD-2530 must be completed and signed by all
All previous projects must be listed or your
Home Administration District office, or the name of a
certification cannot be processed. Include the name of all
principals applying to participate in HUD multifamily
The original of this form must be submitted to
State or local housing finance agency. Below that, fill
housing projects, including those who have no
projects, project number, city where it is located and the
the HUD Office where your project application will
in the name of the city where the office is located.
previous participation. The form must be signed and
be processed at the same time you file your initial
governmental agency (HUD, USDA-FmHA or state or local
project application. This form must be filed with
filed by all principals and their affiliates who propose
housing finance agency) that was involved.
Fill in the name of the project, such as
applications for projects, or when otherwise required
participating in the HUD project. Use a separate form
List the role(s) as a principal, dates participated
"Greenwood Apts." If the name has not yet been
in the situations listed below:
for each role in the project unless there is an identity
and if fee or identity of interest (IOI) with owners.
selected, write "Name unknown." Below that, enter
• Projects to be financed with mortgages insured
of interest.
the HUD contract or project identification number,
under the National Housing Act (FHA).
Principals include all individuals, joint ventures,
the Farmers Home Administration project number, or
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