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HUD Rule 24 CFR PART 203
Click here if you would like to read an outline of events regarding downpayment assistance in Washington, D.C. Nehemiah’s staff has boiled down the most significant events and lengthy documents into concise, bit-sized summaries to keep you informed.
Click here if you are looking for the official documents relating to potential legislation and rulings affecting downpayment assistance.
Click here to read about recent downpayment assistance events in the media.
IRS Ruling 2006-27
Attorney's letter confirming Nehemiah's 501(c)(3) active status - (Feb 19, 2008)
HUD Mortgagee Letter 2006-13 - (May 25, 2006)
HUD Mortgage Letter 2006-13 requires mortgagees to determine that downpayment
assistance gifts are from sources acceptable to FHA. For FHA, charitable
organizations are those nonprofits that are exempt from income taxation under
section 501(a) of the Internal Revenue Service Code of 1986 pursuant to
section 501(c)(3) of the IRC. The mortgagee is responsible for ensuring
that an entity is a charitable organization (see IRS Publication 78 below).
IRS Publication 78 - Cumulative List of Organizations described in Section
170(c) of the Internal Revenue Code of 1986
Contains a list of organizations eligible to receive tax-deductible
charitable contributions
(Search for Nehemiah Corporation of America,
Sacramento, CA)
FHA Web Page on DAPs whose nonprofit status has been revoked
Letter from Nehemiah President and CEO - (May 22, 2006)
FAQ's re. IRS Ruling 2006-27 - (May 11, 2006)
Letter from Nehemiah President and CEO - (May 5, 2006)
HUD honors all contracts with downpayment assistance from Nehemiah
Nehemiah's IRS Nonprofit 501(c)(3) Letter
