Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

If A non-profit agency purchased no Hudhomes does it still need to file an annual report with HUD?

April 26, 2017agency annual report file HUD non-profit

0

Posted

If A non-profit agency purchased no Hudhomes does it still need to file an annual report with HUD?

1 Answer

0

Posted

Yes, even if no HudHomes are purchased an annual report is still required. A simple letter format affirming that there was no activity will suffice. This is also known as a “negative report”. See HUD mortgagee letter 2000-08 attachment 3.