If an agency provides reverse mortgage counseling for a proprietary product, such as a reverse mortgage with a specific lender, to a client, is this expense eligible for reimbursement under the Housing Counseling Comprehensive NOFA?
Date Published: August 2018
For a service to be eligible for reimbursement under a HUD grant, the services provided must meet the requirements outlined in Chapter 4: Reverse Mortgage Counseling of the Housing Counseling Handbook.
Additionally, eligible activities and basic requirements of housing counseling will be outlined in the applicable NOFA, which should be reviewed.
In general, for a counseling session to meet the requirements for reimbursement, the counselor must, at a minimum, perform and document each of the following activities related to reverse mortgage counseling:
While the agency may have met all the requirements for this proprietary product, these expenses do not become eligible until the above HUD-required elements have been provided.
Please also see FAQ 3327 for guidance related to the use of multiple funding sources to pay for housing counseling services provided to a single client.