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Why does my non-profit agencies approval letter have a limitation on it that restricts the number of HUD Homes we can buy and/or the number FHA Mortgages that we can have in force at any one time?

April 26, 2017agencies Approval buy homes HUD letter limitation non-profit restricts

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Why does my non-profit agencies approval letter have a limitation on it that restricts the number of HUD Homes we can buy and/or the number FHA Mortgages that we can have in force at any one time?

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HUD may restrict the activities of non-profit agencies based upon the experience level of the non profit agency or on it’s past performance in the program. See HUD mortgagee letters 1996-52, 2000-08 and 2002-02. Also see, HUD housing notice 1994-74 and HUD Handbook 4310.5, REV-2 Chapter 10 Section 20 Paragraphs 2 and 3.