Get Usda Hb-3-3560 2017-2025

The USDA HB-3-3560 is a crucial document used for the transfer of ownership of Rural Development projects. This guide will provide a comprehensive step-by-step approach to assist users in completing the form online efficiently.

Follow the steps to fill out the USDA HB-3-3560 online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Fill out the initial executive summary by providing a brief overview of the transaction, including the acceptable reason for the transfer and how it would improve or maintain the viability of the property.
3. Complete the required written statements and certifications, including joint statements regarding project equipment and accounts, identity of interest, and environmental reviews.
4. Attach the MFH Transfer & Assumption Application Supplement, ensuring that all details regarding the purchase agreement and timelines are clearly outlined.
5. Provide a thorough Capital Needs Assessment (CNA) that outlines repair needs and ensures compliance with USDA standards.
6. Submit all necessary documentation to assess market rents and appraisals, ensuring compliance with required standards to substantiate claimed rents.
7. Compile the proposed project budget and sources & uses of funds statement, reflecting all expected costs and funding sources accurately.
8. Confirm the purchaser's credentials, financial statements, and any certifications regarding debarment and citizenship.
9. Ensure that all forms are filled out correctly, with original signatures, and submit the complete application package at least 45 days prior to the desired transfer approval date.
10. After submission, follow up with USDA to ensure all documentation is received and evaluate any feedback or requests for additional information.
11. Once approved, finalize the transfer and execute any required agreements while coordinating with all parties involved.

Complete the USDA HB-3-3560 online today to ensure a smooth transfer process!