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Updated about 1 year ago,
HELP! Assignment of Housing Assistance Payments (HAP) Contract
I just sold my one and only SFR after holding for 16 years. I have a 1031 exchange set up and am under contract to buy a 20 unit apartment complex. Big step. The current owner has the entire building set up through HUD for the elderly and disabled and I am looking to continue that model. I had a meeting with HUD to see what they would need to transfer the contract to me and received "Exhibit 2" for Assignment of Housing Assistance Payment Contract. It outlines 27 items they want. It then goes under review for 30-60 days before they approve or not. I'm sure several people have navigated through this. I am looking for any advice or pointers to get these 27 items knocked out. Any help would be appreciated!