Get External Determinative Criteria Checklist For Hap Assignment

Filling out the External Determinative Criteria Checklist for HAP Assignment is a vital step in documenting the ownership transfer of a Project Based Section 8 Housing Assistance Payments Contract. This guide provides clear, step-by-step instructions to help users complete the checklist accurately and efficiently online.

Follow the steps to successfully complete your checklist.

1. Click the ‘Get Form’ button to access the External Determinative Criteria Checklist for HAP Assignment and open it in the online editor.
2. Begin with Section 1: Transaction. Fill in the project name and contract number at the top of the form. Next, provide a narrative describing the transaction details, ensuring it does not exceed three pages. Include financial details, proposed financing information, and contact information for the purchaser.
3. Indicate whether the property is subject to a Financial Adjustment Factor (FAF) and include any details on FAF savings if applicable.
4. If required, submit an appraisal dated within six months of the HUD submission date. Ensure the appraisal is based on 'As-Is' market rents.
5. Complete all required fields related to sources and uses of funds, interim financial statements, and the pro forma operating budget.
6. Provide any rehabilitation details, including a description of the proposed work, if applicable.
7. If applicable, add details regarding Low Income Housing Tax Credits (LIHTCs) and the documentation required.
8. Proceed to Section 2: Ownership. Fill in the organizational chart and attach the required organization documents, including the Previous Participation Certification (HUD 2530) and DUNS Number.
9. In Section 3: Management Agent, complete the HUD management forms and attach necessary documents like the Tenant Selection Plan and update Rent Schedule, ensuring accuracy in reporting.
10. Move to Section 4: Contract. Submit a draft Assignment and Assumption of HAP and provide the current contract expiration date. Make any necessary requests for contract changes.
11. Finally, check Section 5: Miscellaneous for questions regarding service coordinators, use agreements, and fair housing marketing plans. Provide answers and any required documentation.
12. Review all entered information for completeness and accuracy. Save your changes, then proceed to download, print, or share the completed form as needed.

Start filling out your External Determinative Criteria Checklist for HAP Assignment online today!