Instructions For Form Hud-40096 Homeownership Assistance Project Completion Report printable pdf download

Public reporting burden for this collection of information is estimated to average 45 minutes 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 conduct

or sponsor, and a person is not required to respond to, a collection of information unless that collecton displays a valid OMB control number.

The HOME statute imposes a significant number of data collection and reporting requirements. This includes information on assisted properties, on the owners

or tenants of the properties, and on other programmatic areas. The information will be used: 1) to assist HOME participants in managing their programs; 2)

to track performance of participants in meeting fund commitment and expenditure deadlines; 3) to permit HUD to determine whether each participant meets

the HOME statutory income targeting and affordability requirements; and 4) to permit HUD to determine compliance with other statutory and regulatory program

requirements. This data collection is authorized under Title II of the Cranston-Gonzalez National Affordable Housing Act or related authorities. Access to

Federal grant funds is contingent on the reporting of certain project-specific data elements. Records of information collected will be maintained by the recipients

of the assistance. Information on activities and expenditures of grant funds is public information and is generally available for disclosure. Recipients are

responsible for ensuring confidentiality when public disclosure is not required.

Instructions for Completing the Homeownership Assistance Project Completion Report

Form HUD-40096, HOME Program Cash and Management Information (C/MI) System

Read the instructions for each item carefully before completing the

(1) 1-4 Single Family

form. Use a typewriter or print carefully with a ball point pen. Prepare

(2) Condominium

an original and one copy. Retain the copy.

(3) Cooperative

(4) Manufactured Home

Mail the original to:

HOME Program, P.O. Box 23997, L’Enfant Plaza Station,

Part B: Financial Structure of Project

Washington, DC 20026.

1. Type of Activity Financed. Mark only one of the 5 available boxes

Applicability. This report must be completed for each homeowner-

for naming the project’s HOME-assisted activity.

occupied single family project and for a property with one owner

(1) Rehabilitation Only. A HOME-assisted rehabilitation project

occupant and zero to three rental units. Note: Completion of a project

that did not include acquisition of real property. Such projects

with two or more homeowners should be reported on the multiple-unit

may have involved (a) repairs or improvement of residential

Homeownership Project Completion Report. Such a project would

unit(s) to bring the unit(s) up to the property standards required

also include two duplex properties each occupied by a homeowner

by 24 CFR 92.251;(b) the reconfiguration of a structure to

but where the two properties are considered as one project.

reduce the total units in order to increase the number of large

Timing. The Homeownership Assistance Project Completion Report

family units, (c) the addition of a room or rooms (e.g., bedroom

must be received by HUD within 120 days of requesting the final

or bathroom) outside the existing walls for purposes of meeting

disbursement of HOME funds for the project. If the project completion

occupancy or code standards and (d) the adding of a unit or

report is not received within 120 days of the final disbursement for the

units within the existing structure.

project, the PJ’s (or State Recipient’s) access to the HOME C/MI

(2) New Construction Only. Any project that involved (a) the

System will be suspended until the report is received and processed

addition of units outside the existing walls of the structure and

in the HOME C/MI System. An amended completion report should be

(b) the construction of a new residential unit(s). Note: When

submitted when all units initially reported vacant are occupied and the

projects have combined new construction in one building(s)

change should be highlighted in yellow.

with rehabilitation activities in another building(s) on one

Part A: Project Information

parcel of land, the projects, by type of activity (i.e.rehabilitation

or new construction), must be administratively set up as

1. Project Number. Enter the 10-digit project number assigned by

separate projects in the HOME C/MI System.

the HUD VRS during project set-up.

(3) Acquisition Only. Acquisition of a structure that received a

2. Name of Participant. Enter the name of the participating jurisdic-

certificate of occupancy at least 13 months before acquisition,

tion (PJ), or, for State recipient projects, the name of the State

which did not require rehabilitation and which is being used

recipient (identified on the HUD-40100-State Designation of State

to provide affordable rental housing.

Recipients form).

(4) Acquisition and Rehabilitation. A HOME-assisted rehabilita-

3. Participant Tax ID Number. Enter the Tax (Employer) Identifica-

tion project which included the acquisition of real property.

tion Number for the participating jurisdiction from block 3 of the

Funding Approval and HOME Investment Partnership Agreement

(5) Acquisition and New Construction. A HOME-assisted new

(HUD-40093); for a State recipient project, enter the State

construction project which included the acquisition of real

recipient’s Tax ID Number from the HUD-40100--State Designa-

property. This includes acquisition of a structure that has

tion of State Recipients form.

received an initial certificate of occupancy within a one year

period prior to acquisition.

4. CHDO Tax ID Number. Complete only for projects assisted with

funds reserved for Community Housing Development Organiza-

Project Costs. Include all HOME funds used for the project and all

tions (CHDOs). Enter the Tax (Employer) Identification Number for

other funds (public and private) with one exception. Do not double

the CHDO shown in the Designation of Community Housing

count. If private funds are used for construction financing and those

Development Organizations (CHDO) form (HUD-40098).

funds are later replaced by permanent financing, do not report both.

Report all HOME funds expended on the project. (Note: Federal

5. Name & Phone Number of Person Completing Form. Enter the

regulations specifically prohibit paying back HOME funds with HOME

name and phone number, including area code, of the person to

funds.) For funds other than HOME, to the extent a choice must be

contact for further information regarding this report form.

made to avoid double counting, report permanent financing rather

6. Type of Property. Check one box to indicate the type of property

than construction financing. The total amount reported on line 5 of Part

assisted.

Instructions Page 1 of 3

form HUD-40096 (6/93)

Instructions For Form Hud-40096 Homeownership Assistance Project Completion Report

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