Form Hud-2880 - Applicant/recipient Disclosure/update Report Page 3

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funds typically include (but are not limited to) foundations and private
not repeat the information, but need only refer to the form and location to
contributors.
incorporate it into this report. (It is likely that some of the information
required by this report has been provided on SF 424A, and on various
Part III. Interested Parties.
budget forms accompanying the application.) If this report requires
information beyond that provided elsewhere in the application package,
This Part is to be completed by both applicants and recipients filing update
the applicant must include in this report all the additional information
reports. Applicants must provide information on:
required.
1. All developers, contractors, or consultants involved in the application
Recipients must submit an update report for any change in previously
for the assistance or in the planning, development, or implementation
disclosed sources and uses of funds as provided in Section I.D.5., above.
of the project or activity and
2. any other person who has a financial interest in the project or activity
Notes:
for which the assistance is sought that exceeds $50,000 or 10 percent
1. All citations are to 24 CFR Part 4, which was published in the Federal
of the assistance (whichever is lower).
Register. [April 1, 1996, at 63 Fed. Reg. 14448.]
Note: A financial interest means any financial involvement in the
2. Assistance means any contract, grant, loan, cooperative agreement, or
project or activity, including (but not limited to) situations in which an
other form of assistance, including the insurance or guarantee of a loan
individual or entity has an equity interest in the project or activity,
or mortgage, that is provided with respect to a specific project or
shares in any profit on resale or any distribution of surplus cash or
activity under a program administered by the Department. The term
other assets of the project or activity, or receives compensation for any
does not include contracts, such as procurements contracts, that are
goods or services provided in connection with the project or activity.
subject to the Fed. Acquisition Regulation (FAR) (48 CFR Chapter 1).
Residency of an individual in housing for which assistance is being
3. See 24 CFR §4.9 for detailed guidance on how the threshold is
sought is not, by itself, considered a covered financial interest.
calculated.
4. "Other government assistance" is defined to include any loan, grant,
The information required below must be provided.
guarantee, insurance, payment, rebate, subsidy, credit, tax benefit, or
any other form of direct or indirect assistance from the Federal
1. Enter the full names and addresses. If the person is an entity, the
government (other than that requested from HUD in the application), a
listing must include the full name and address of the entity as well as
State, or a unit of general local government, or any agency or
the CEO. Please list all names alphabetically.
instrumentality thereof, that is, or is expected to be made, available
2. Entry of the Social Security Number (SSN) or Employee Identification
with respect to the project or activities for which the assistance is
Number (EIN), as appropriate, for each person listed is optional.
sought.
3. Enter the type of participation in the project or activity for each person
5. For the purpose of this form and 24 CFR Part 4, “person” means an
listed: i.e., the person's specific role in the project (e.g., contractor,
individual (including a consultant, lobbyist, or lawyer); corporation;
consultant, planner, investor).
company; association; authority; firm; partnership; society; State, unit
4. Enter the financial interest in the project or activity for each person
of general local government, or other government entity, or agency
listed. The interest must be expressed both as a dollar amount and as
thereof (including a public housing agency); Indian tribe; and any other
a percentage of the amount of the HUD assistance involved.
organization or group of people.
Note that if any of the source/use information required by this report has
been provided elsewhere in this application package, the applicant need
Form HUD-2880 (3/13)

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