Page 15-1 Chapter 15 SPECIAL HOUSING TYPES [24 CFR 982 ...

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The family will be required to report their progress on locating and purchasing a home toSAHA every 30 days until the home is purchased.If the family cannot complete the purchase of a unit within the maximum required timeframe, and is not receiving rental assistance under a HAP contract at the time the search andpurchase time period expires, the family will be issued a voucher to lease a unit.15-VII.F. HOMEOWNERSHIP COUNSELING [24 CFR 982.630]Before commencement of homeownership assistance for a family, the family must attend andsatisfactorily complete the pre-assistance homeownership and housing counseling programrequired by SAHA. HUD suggests the following topics for the SAHA-required pre-assistancecounseling:• Home maintenance (including care of the grounds);• Budgeting and money management;• Credit counseling;• How to negotiate the purchase price of a home;• How to obtain homeownership financing and loan pre-approvals, including a description oftypes of financing that may be available, and the pros and cons of different types offinancing;• How to find a home, including information about homeownership opportunities, schools, andtransportation in SAHA jurisdiction;• Advantages of purchasing a home in an area that does not have a high concentration of lowincomefamilies and how to locate homes in such areas;• Information on fair housing, including fair housing lending and local fair housingenforcement agencies; and• Information about the Real Estate Settlement Procedures Act (12 U.S.C. 2601 et seq.)(RESPA), state and Federal truth-in-lending laws, and how to identify and avoid loans withoppressive terms and conditions.SAHA may adapt the subjects covered in pre-assistance counseling (as listed) to localcircumstances and the needs of individual families.SAHA may also offer additional counseling after commencement of homeownership assistance(ongoing counseling). If SAHA offers a program of ongoing counseling for participants in thehomeownership option, SAHA shall have discretion to determine whether the family is requiredto participate in the ongoing counseling.If SAHA does not use a HUD-approved housing counseling agency to provide the counseling,SAHA should ensure that its counseling program is consistent with the counseling providedunder HUD’s Housing Counseling program.SAHA PolicyFamilies must attend a pre-purchase counseling course prior to purchase and a post-purchasecourse after closing.© Copyright 2006 Nan McKay & Associates, Inc. Page 15-16Adminplan 12/1/06Unlimited copies may be made for internal use.
15-VII.G. HOME INSPECTIONS, CONTRACT OF SALE, AND SAHA DISAPPROVALOF SELLER [24 CFR 982.631]Home InspectionsSAHA may not commence monthly homeownership assistance payments or provide downpayment assistance grants for a family until SAHA has inspected the unit and has determinedthat the unit passes HQS.An independent professional inspector selected by and paid for by the family must also inspectthe unit. The independent inspection must cover major building systems and components,including foundation and structure, housing interior and exterior, and the roofing, plumbing,electrical, and heating systems. The independent inspector must be qualified to report onproperty conditions, including major building systems and components.SAHA may not require the family to use an independent inspector selected by SAHA. Theindependent inspector may not be a SAHA employee or contractor, or other person under controlof SAHA. However, SAHA may establish standards for qualification of inspectors selected byfamilies under the homeownership option.SAHA may disapprove a unit for assistance based on information in the independent inspector’sreport, even if the unit was found to comply with HQS.When the family locates a home they wish to purchase and submits a copy of their purchaseoffer/contract, SAHA will conduct a Housing Quality Standards (HQS) inspection within areasonable period. Any items found not to meet HQS must be repaired before the unit can bedetermined eligible for the homeownership program.The family must hire an independent professional inspector, whose report must be submittedto SAHA for review. The inspector must be recognized by the Texas Real EstateCommission and may not be a SAHA employee.SAHA will review the professional report in a timely fashion and, based on the presence ofmajor physical problems, may disapprove the purchase of the home.If SAHA disapproves the purchase of a home, the family will be notified in writing of thereasons for the disapproval.SAHA will not conduct HQS inspections while the family is receiving homeownershipassistance.Contract of SaleBefore commencement of monthly homeownership assistance payments or receipt of a downpayment assistance grant, a member or members of the family must enter into a contract of salewith the seller of the unit to be acquired by the family. The family must give SAHA a copy ofthe contract of sale. The contract of sale must:• Specify the price and other terms of sale by the seller to the purchaser;• Provide that the purchaser will arrange for a pre-purchase inspection of the dwelling unit byan independent inspector selected by the purchaser;© Copyright 2006 Nan McKay & Associates, Inc. Page 15-17Adminplan 12/1/06Unlimited copies may be made for internal use.
Page 5 and 6: 15-III.A. OVERVIEWPART III: GROUP H
Page 7 and 8: 15-IV.A. OVERVIEWPART IV: SHARED HO
Page 9 and 10: 15-V.A. OVERVIEWPART V: COOPERATIVE
Page 11 and 12: Space RentThe space rent is the sum
Page 13 and 14: income of adult family members who
Page 15: • The unit must be a one-unit pro
Page 19 and 20: month when the family moves out. Th
Page 21 and 22: • Principal and interest on mortg
Page 23: SAHA PolicyFor families participati

Page 15-1 Chapter 15 SPECIAL HOUSING TYPES [24 CFR 982 ...

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