OMB Control Number
2502–0587 |
Housing
Assistance Payments Program
Housing Finance & Development
Agencies
Extension Amendment to Old Regulation
State
Agency Housing Assistance Payments Contract
HAP Contract
Extension to Original Maturity of Permanent Financing
This form is used to extend the maximum total contract term of a HAP Contract originally entered into by a Housing Finance Agency and a Section 8 Owner on the November 1975 version of form HUD–52645A. The public reporting burden for completing this form is estimated to average 30 minutes per response, including the time for reviewing instructions, searching existing data sources, and gathering and maintaining the data needed. The information collected is required to obtain benefits. HUD may disclose certain information to Federal, State, or local agencies when relevant to civil, criminal, or regulatory investigations and prosecutions. Information collected will not otherwise be disclosed or released outside of HUD, except as required and permitted by law. HUD may not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number.
Preparation of Extension Amendment
This form of Extension Amendment is used to extend the maximum total contract term of a HAP Contract originally entered by a Housing Finance Agency (HFA) and a Section 8 Owner on the November 1975 version of form HUD–52645A. The Extension Amendment extends the term of the HAP Contract to the date of the originally scheduled maturity date on the HFA permanent financing for new construction or substantial rehabilitation of the Project under the Section 8 State Agency Program.
Reference numbers in this form refer to notes at the end of the Extension Amendment contract text. These endnotes are instructions for preparation of the Extension Amendment. The instructions are not part of the HAP Contract.
Section 8 HAP Contract Number:
Section 8 Project Number:
Project Name:
Project Description2:
Permanent Financing: Originally Scheduled Maturity Date
The originally scheduled maturity date of the permanent financing is: (mm/dd/yyyy).
Name of Housing Finance Agency (HFA)3:
HFA Address:
Name of Owner4:
Address of Owner:
Section 1.4a of the HAP Contract is amended:
(1) By deleting the following phrase: “(2) a period terminating on the date of the last payment of principal due on the permanent financing”, and
(2) By substituting the following phrase at the point of such deletion: “(2) a period terminating on the date of the originally scheduled maturity date of the permanent financing”.
Extension amendment. This amendment extending the term of the HAP Contract.
HAP Contract. A housing assistance payments contract between the HFA and the owner. The HAP Contract was entered on form HUD 52645A, dated November 1975. This Extension Amendment is an amendment of the HAP Contract.
HFA. Housing Finance Agency. The HFA is a PHA.
HUD. The United States Department of Housing and Urban Development.
HUD requirements. HUD regulations and other requirements, including changes in HUD regulations and other requirements during the term of the HAP Contract (including the Extension Amendment).
PHA. Public housing agency (as defined and qualified in accordance with the United States Housing Act of 1937. 42 U.S.C. 1437 et seq.).
Project. The housing designated in section 1 of the Extension Amendment.
Section 8. Section 8 of the United States Housing Act of 1937 (42 U.S.C. 1437f).
The HAP Contract shall be construed and administered in accordance with all statutory requirements, and with all HUD regulations and other HUD requirements, including changes in HUD regulations and other HUD requirements during the term of the HAP Contract. However, any changes in HUD requirements that are inconsistent with the provisions of the HAP Contract shall not be applicable.
Signatures
Housing Finance Agency (HFA)
Name
of HFA (print or type)
By
Signature of authorized representative
Name
and official title (print or type)
Date
(mm/dd/yyyy)
U.S. Department of Housing and Urban Development (HUD)
By:
Signature of authorized representative
Name
and official title (print or type)
Date
(mm/dd/yyyy)
Owner
Name
of Owner (print or type)
By
Signature of authorized representative
Name
and title (print or type)
Date
(mm/dd/yyyy)
Instructions for Preparation of Extension Amendment
The following instructions are not part of the HAP contract.
Endnote numbers are keyed to references in the text of the Extension Amendment.
1 To prepare the Extension Amendment for execution by the parties, fill out all contract information in section 1.
2 Enter a description of the housing that will be covered by the Extension Amendment. The description must clearly identify the Project by providing the Project’s name, street address, city, county, state and zip code, block and lot number (if known), and any other information necessary to clearly designate the covered Project.
If necessary, attach an exhibit with a site plan, legal description or other descriptive information. Enter a reference to the attached exhibit.
3 The HAP Contract, including the Extension Amendment, is a contract between the Housing Finance Agency (HFA) and the Owner. Enter the full legal name of the HFA that executes the Extension Amendment. The HFA is a public housing agency (PHA) as defined in the United States Housing Act of 1937.
4 Enter the full legal name of the Owner. For example: “ABC Corporation, Inc., a Maryland corporation.”
| File Type | application/vnd.openxmlformats-officedocument.wordprocessingml.document |
| File Title | Section 524(a) Contract |
| Author | HUDware IIa Test User |
| File Modified | 0000-00-00 |
| File Created | 2023-08-31 |