Get the free Form HUD–40221(rev) ‘LOCCS/VRS Self-help Homeownership Opportunity Program Payment V...
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This document is used by SHOP Grantees to request the drawdown of grant funds from the U.S. Treasury through the Line of Credit Control System (LOCCS) for the Self-Help Homeownership Opportunity Program.
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How to fill out form hud40221rev loccsvrs self-help
How to fill out Form HUD–40221(rev) ‘LOCCS/VRS Self-help Homeownership Opportunity Program Payment Voucher’
01
Obtain Form HUD–40221(rev) from the official HUD website or your local HUD office.
02
Fill in the project name and address at the top of the form.
03
Enter the payee's name and address in the designated sections.
04
Complete the payment details including the amount, the purpose of the payment, and the period covered.
05
Attach any required documentation that supports the payment request, such as invoices or contracts.
06
Ensure that the form is signed and dated by the appropriate official.
07
Submit the completed form along with any supporting documents to the designated HUD office for processing.
Who needs Form HUD–40221(rev) ‘LOCCS/VRS Self-help Homeownership Opportunity Program Payment Voucher’?
01
Local governments, non-profit organizations, and developers participating in the Self-help Homeownership Opportunity Program (SHOP) to request payments for eligible expenses.
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People Also Ask about
What is the HUD homeownership program?
The Housing Choice Voucher (HCV) homeownership program allows families that are assisted under the HCV program to use their voucher to buy a home and receive monthly assistance in meeting homeownership expenses.
Who provides the HUD statement?
The use of the HUD-1 or HUD-1A is also exempted for open-end lines of credit (home-equity plans) covered by the Truth in Lending Act and Regulation Z. A HUD-1 or HUD-1A Settlement Statement is prepared by a creditor or, more typically, by the settlement agent who conducts the closing on the creditor's behalf.
Who fills out the HUD-1 form?
The settlement agent shall complete the HUD-1A in ance with the instructions for the HUD-1 to the extent possible, including the instructions for disclosing items paid outside closing and for no cost loans. Blank lines are provided in section L for any additional settlement charges.
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What is Form HUD–40221(rev) ‘LOCCS/VRS Self-help Homeownership Opportunity Program Payment Voucher’?
Form HUD–40221(rev) is a payment voucher used within the LOCCS/VRS Self-help Homeownership Opportunity Program to request funds for eligible expenses related to self-help homeownership projects.
Who is required to file Form HUD–40221(rev) ‘LOCCS/VRS Self-help Homeownership Opportunity Program Payment Voucher’?
Organizations and entities that receive funding under the LOCCS/VRS Self-help Homeownership Opportunity Program are required to file Form HUD–40221(rev) to request reimbursement or draw money for eligible expenses.
How to fill out Form HUD–40221(rev) ‘LOCCS/VRS Self-help Homeownership Opportunity Program Payment Voucher’?
To fill out Form HUD–40221(rev), applicants must provide their organization's information, the project details, the amount being requested for reimbursement, and any necessary supporting documentation. It's important to ensure all required sections are completed accurately.
What is the purpose of Form HUD–40221(rev) ‘LOCCS/VRS Self-help Homeownership Opportunity Program Payment Voucher’?
The purpose of Form HUD–40221(rev) is to facilitate the request for funds by eligible organizations involved in self-help homeownership projects, ensuring proper tracking and distribution of federal funds.
What information must be reported on Form HUD–40221(rev) ‘LOCCS/VRS Self-help Homeownership Opportunity Program Payment Voucher’?
The form requires reporting of the organization's name, project identifier, the total amount being requested, details of eligible expenses, and any relevant supporting documents to validate the request.
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