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According to a recent Revenue Ruling that went into effect on May 22, 2006, Seller-funded DPA’s are not considered 'charitable organizations' under the meaning of IRC 501(c)(3) of the US tax code. As of July 1st, 2007 these 501(c)(3) operated DPA programs are to be discontinued. As an Institutional Lender, you will need to begin to transfer your programs into an approved Government Sponsered DPA program. The Federal American Government Grant Program can meet all of your needs and ease the burden of your transition. |
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Federal American Grant Program Statement of Compliance The Goshute Indian Nation is a federally recognized tribal government entity, meeting the definition of a “government entity”, as defined by HUD. According to HUD Notice PIH 2006-34, Section 7: "Assistance is not limited to reservations. An 'Indian Area' under NAHASDA is anywhere a tribe undertakes affordable housing activities." Section 4 refers to funding affordable housing projects "...where the tribe has no sovereignty / civil jurisdiction." The Federal American Grant Program meets all appropriate FHA requirements, including those contained in Mortgagee Letters 94-2, 01-30, 02-22, 03-07, and HUD Handbook 4155.1 Rev-5; Paragraph 1-13A. The Goshute Indian Nation has a long history of social awareness and a strong sense of community. The Goshute Indian's history of social concern includes promoting home ownership to build communities for all Americans. Disclosures The Goshute Indian Nation and the Federal American Grant Program are not to be confused with the Department of Housing and Urban Development or Federal Housing Administration (FHA). |
HUD Government-to-Government Tribal Consultation Policy Federal American Program Guidelines
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