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Helpful Tools
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Nonprofits
& mortgagees can subscribe to the Single Family Housing email list. You
will get frequent, training & event announcements, mortgagee letters, Grant
programs, FHA mortgage limits & notices about your Single Family business.
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FHA
approved mortgagees that seek FHA mortgage insurance on loans secured by single
family houses, on which downpayment
assistance has been provided to the borrower in the form of gifts, are required
to determine that the gifts are from sources acceptable to FHA. Please see: Paragraph
2-10 C of handbook HUD-4155.1 REV-5, & the Single Family Reference Guide
"Gifts" page 2-11.
FHA Mortgagee Letter 2006-13,
"Charitable Organizations Making Downpayment Gifts" advises mortgagees
about how to determine whether a gift from a charitable organization can be used
for all, or part, of the borrower’s downpayment when the organization providing
the gift for the downpayment loses or gives up its federal tax-exempt status.
The Organizations listed here have been identified by Internal Revenue
Service (IRS) as entities whose status has been revoked & are no longer federally
tax-exempt. These organizations are not eligible to provide gift funds to FHA
mortgagors. This
page will be updated as the IRS reports on the status of tax exempt charitable
organizations in it's IRS
Bulletin publication.
| Name
| Date
IRS Status Revoked | Location |
| ABG
Housing Inc. | 4/23/07 | Orlando,
FL | | The
Dreamhouse Charity, Inc. | 4/23/07 | Wilsonville,
OR | | Gift
America Program | 4/09/07 | Rockville,
MD | | Homeownership
Foundation of America | 6/4/07 | Baltimore,
MD | | Home
Buyers Assistance Foundation | 7/16/07 | Woodstock,
CA | | Keystone
Grants Inc. | 8/13/07 | Mesa,
AZ | | Del
Sol Foundation | 8/20/07 | Downey,
CA | | Home
Buyers Assistance Foundation | 9/24/07 | Denver,
CO | | International
Housing Solutions, Inc. | 9/24/07 | Sacramento,
CA | | Kenray,
Inc. | 9/24/07 | Orem,
UT | | Alta
Crossing, Inc. | 9/24/07 | Nampa,
ID | | New
Home Gallery, Inc. | 12/03/07 | Louisville,
KY | | Down
Payment Assistance Foundation, Inc. | 12/03/07 | Glendora,
CA | | One
America Foundation, Inc. | 12/03/07 | Baltimore,
MD | | Future
Home Assistance Programs | 12/03/07 | Stockbridge,
GA | | Western
Arkansas Housing Foundation | 12/03/07 | Fort
Smith, AR | | Sweet
Home Foundation | 12/03/07 | Caldwell,
ID | | Housing
Opportunities of Houston, Inc. | 12/03/07 | Houston
TX | | Access
Home Project, Inc. | 11/05/07 | Los
Angeles, CA | | Affordable
Housing USA | 12/17/07 | Camarillo,
TX | | American
Assistance Corp. | 1/14/08 | Plano,
TX | | Equal
Opportunity Housing DBA Home Star Magic | 2/25/08 | Denver,
CO | | Family
Pride, Inc. | 2/25/08 | Cataula,
GA | | Western
Arkansas Housing Foundation | 12/03/07 | Ft.
Smith, AR | | Creativity
Innovation Productivity Inc. DBA Horizon Event Foundation | 9/24/07 | Highwood,
MT | | Dreamhome
Foundation | 9/24/07 | Sherwood,
OR | | Franklin
Foundation | 5/29/07 | Gaithersburg,
MD | | National
Home Foundation | 9/05/08 | Rockville,
MD | | National
Housing Foundation, Inc. | 3/31/08 | Schaumburg,
IL | | New
Home Gallery, Inc. | 3/17/08 | Louisville,
KY | | The
Down Payment Assistance Group | 3/17/08 | San
Diego, CA |
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