Property Auctions

Friday, May 16, 2008

Direct Sales Monitoring

Periodically, FHA will perform field reviews of nonprofit agencies as part of its ongoing quality control activities. Therefore, FHA may contact a nonprofit agency and request the following information, which may include, but is not limited to:

* Documentation regarding the nonprofit agency's progress in implementing its affordable housing program
* Access to properties which are under development, resold or leased or otherwise a part of the nonprofit agency's affordable housing program
* Access to the nonprofits office(s) to determine compliance with FHA ML#2002-01 "Adequate Facilities".

All requests by FHA will be made in writing and provide the nonprofit agency with the time to accommodate such requests. Failure to respond to a review request may result in removal from FHA's nonprofit roster.

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