A Nonprofit Organization’s application to participate in the Federal Housing Administration’s (FHA) Single Family Nonprofit Programs must include the submission of a Quality Control Plan (QC Plan). The QC Plan should explain the Nonprofit Organization’s internal and external auditing procedures and monitoring procedures.
Once a Nonprofit Organization is approved to participate in FHA’s Single Family Nonprofit Programs, the QC Plan must be implemented. Nonprofit Organizations are required to communicate findings revealed under their plan immediately to HUD.
See the Quality Control, Oversight, and Compliance section of the Single Family Housing Policy Handbook 4000.1 (SF Handbook) section V.B.2 for more information.
FHA monitors Governmental Entities and FHA-Approved Nonprofit Organizations participating in FHA’s Single Family Nonprofit Programs as part of its ongoing QC Plan activities to ensure compliance with FHA requirements. In addition, FHA’s Homeownership Centers conduct remote and on-site reviews for monitoring purposes.
See the Quality Control, Oversight, and Compliance section V.D.3 of the SF Handbook for more information.