Downpayment Providers Offer to Work With Treasury

From: Beth Kingsley

[1] I represent the Homeownership Alliance of Nonprofit Downpayment Providers ("HAND Providers"), an association of 501(c)(3) organizations that provide downpayment assistance. We have noted that the current IRS workplan includes a guidance project on these organizations, and also understand that you may be an appropriate person to ask for a meeting as both IRS and Treasury give thought to the various legal and policy issues that this guidance project may raise. We hope that a meeting would allow us to explore how HAND Providers may be of assistance; for instance, the organization can serve as a source of information about practices in the field of downpayment provision, among both HAND Providers' members and non- members. The background and insight HAND Providers may be able to offer could service as a useful context for the issues you will confront in examining the proper treatment of downpayment provider organizations.

[2] If possible, I would like to schedule a meeting with you, me, HAND Providers' Executive Director Jon Cottin, and whomever else from Treasury or IRS you think would be appropriate. If you are not, in fact, the correct contact person, would you be able to tell me who is?