How To Complete The Hud Form 2880 In E-Snaps (Page 13 of 13) in pdf

How to Complete the HUD Form 2880 in e-snaps

3. Amount Requested/Provided: Enter the dollar amount of the other government assistance that is, or is

expected to be, made available with respect to the project or activities for which the HUD assistance is

sought (applicants) or has been provided (recipients).

4. Expected Uses of the Funds: Each reportable use of funds must clearly identify the purpose to which

they are to be put. Reasonable aggregations may be used, such as "total structure" to include a number

of structural costs, such as roof, elevators, exterior masonry, etc.

Part III. Interested Parties

This Part is to be completed by both project applicants and recipients filing update reports. Project

applicants must provide information on:

1. all developers, contractors, or consultants involved in the application for the assistance or in the

planning, development, or implementation of the project or activity; and

2. any other person who has a financial interest in the project or activity for which the assistance is sought

that exceeds $50,000 or 10 percent of the assistance (whichever is lower).

Note: A financial interest means any financial involvement in the project or activity including, but not

limited to, situations in which an individual or entity has an equity interest in the project or activity, shares

in any profit on resale or any distribution of surplus cash or other assets of the project or activity, or

receives compensation for any goods or services provided in connection with the project or activity.

Residency of an individual in housing for which assistance is being sought is not, by itself, considered a

covered financial interest.

The information required below must be provided:

1. Enter the full names and addresses. If the person is an entity, the listing must include the full name and

address of the entity as well as the CEO. Please list all names alphabetically.

2. Entry of the Social Security Number (SSN) or Employee Identification Number (EIN), as appropriate,

for each person listed is optional.

3. Enter the type of participation in the project or activity for each person listed: i.e., the person's specific

role in the project (e.g., contractor, consultant, planner, investor).

4. Enter the financial interest in the project or activity for each person listed. The interest must be

expressed both as a dollar amount and as a percentage of the amount of the HUD assistance involved.

Note that if any of the source/use information required by this report has been provided elsewhere in this

application package, the applicant need not repeat the information, but need only refer to the form and

location to 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 budget forms accompanying the application.) If this report

requires information beyond that provided elsewhere in the application package, the applicant must

include in this report all the additional information required. Recipients must submit an update report for

any change in previously disclosed sources and uses of funds as provided in Section I.D.5., above.

How To Complete The Hud Form 2880 In E-Snaps Page 13