Previous Participation Reporting / HUD 2530 / APPS
|The Previous Participation Certification process was put in place by HUD to ensure that companies and individuals who wish to participate in HUD's multifamily housing programs have an acceptable history of carrying out their past financial, legal, and administrative obligations.|
HUD requires prospective owners, managers, and general contractors who want to participate in properties that are utilizing HUD mortgage insurance programs, direct loans or Section 8 subsidies to file the HUD 2530 Previous Participation form, to gain HUD's approval. Additionally, any time Controlling Participants change (general partners, officers, owners, or management agents) a new 2530 must be submitted for approval.
The APPS System (HUD's secure internet-based 2530 submission vehicle) is an important reporting tool for both HUD and program participants. With an APPS submission, applicants have the ability to identify (and mitigate) HUD's critical and non-critical 2530 findings before the 2530 is ever submitted to HUD. Properly completed APPS submissions streamline the review work and save HUD a significant amount of processing time.
The team at Murphy Consulting provides HUD 2530 services for clients throughout the country. These services include regulatory analysis, certification, registration, reporting, flag checks and approval tracking via the APPS system on behalf of Mortgagors, Management Agents, Facility Operators, Master Tenants, General Contractors and their respective Controlling Participants in connection with any HUD approval transaction. Fees are based on transaction needs, organization complexity and participation volume. To obtain a price quote, see our proposal request form below.