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~ For a unit where the family will not own fee title to the real property (such as a manufactured home), the home must have a permanent foundation and the family must have the right to occupy the site for at least 40 years. SAHA must not approve the unit if SAHA has been informed that the seller is debarred, suspended, or subject to a limited denial of participation. 15-VILE. ADDITIONAL PHA REQUIREMENTS FOR SEARCH AND PURCHASE [24 CFR 982.629] It is the family's responsibility to find a home that meets the criteria for voucher homeownership assistance. SAHA has established the maximum time that will be allowed for a family to locate and purchase a home to be 180 days, and requires the family to report on their progress in finding and purchasing a home. If the family is unable to purchase a home within the maximum time established ,SAHA may issue the family a voucher to lease a unit or place the family's name on the waiting list for a voucher. 15-VII.F. HOMEOWNERSHIP COUNSELING [24 CFR 982.630] Before commencement of homeownership assistance for a family, the family must attend and satisfactorily complete the pre-assistance homeownership and housing counseling program required by SAHA. The following topics for SAHA-required pre-assistance counseling: ~ Home maintenance (including care of the grounds); ~ Budgeting and money management; ~ Credit counseling; ~ How to negotiate the purchase price of a home; ~ How to obtain homeownership financing and loan pre-approvals, including a description of types of financing that may be available, and the pros and cons of different types of financing; ~ How to find a home, including information about homeownership opportunities, schools, and transportation in SAHA jurisdiction; ~ Advantages of purchasing a home in an area that does not have a high concentration of low- income families and how to locate homes in such areas; ~ Information on fair housing, including fair housing lending and local fair housing enforcement agencies; and ~ Information about the Real Estate Settlement Procedures Act (12 U.S.C. 2601 et seq.) (RESPA), state and Federal truth-in-lending laws, and how to identify and avoid loans with oppressive terms and conditions. SAHA may also offer additional counseling after commencement of homeownership assistance (ongoing counseling). If SAHA offers a program of ongoing counseling for participants in the homeownership option, SAHA shall have discretion to determine whether the family is required to participate in the ongoing counseling. 11 /29/10 Page 15-12