Non-Profit Organizations and Government Agencies offerings
will be made available pursuant to HUD program policies.
Non-Profits must be approved by HUD to participate in the
Single Family Property Disposition Discount Sales Program.
To apply to become a HUD-approved Non-Profit you will need
to complete the appropriate non-profit application located
on the following HUD web site:
http://www.hud.gov/offices/hsg/sfh/np/np_prog.cfm
Prior to the public listing, uninsured properties in revitalization
areas that do not meet the requirement for FHA insured
financing will be made available to Non-Profits and Government
Agencies under the Direct Sale Program. For a
list of available Non-Profit and Government Agency HUD-homes,
click on the appropriate State button below:
Under the Direct Sale Program, qualified Non-Profits and
Government agencies may purchase uninsured properties located
in revitalization
areas at a 30% discount. If any closing costs are requested
to be paid by HUD and/or if a real estate agent is engaged
to handle the sale of the property, then any closing cost
shown on line 5 and any commissions shown on line 6a of the
offer will reduce the discount at closing.
Multifamily units are available for Non-Profits, Government
agencies to purchase.
When a Non-Profit or a Government agency has identified a
property to purchase, he or she must submit their electronic
intent to purchase as instructed on the Direct
Sales Internet Lottery Process web page.
If no Preliminary Interest is received during the
notification period, the property will be made available for
sale to the general public on a competitive bid basis.
Non-Profit and Government agencies may also bid
competitively on the public list after the notification
period. If they are the successful bidders, they are
entitled to the following discounts at closing:
- For UNINSURED properties located in revitalization
areas, a 30% discount;
- For properties located outside revitalization areas:
- 10% discount
- 15% discount if five (5) or more properties are
purchased and closed simultaneously.
Please note that discounts are not included when considering
the highest net to HUD for the award process. The discount
will be calculated from the sales price, not the list price.
Any closing cost shown on line 5 and any commissions shown
on lines 6a and 6b of the sales contract will reduce the discount
at closing. When purchasing on the public list, you must insert
the applicable
broad listing broker fee on line 6b of the sales contract.
SALES CONTRACT and REQUIRED ADDENDA:
- HUD SALES CONTRACT Form 9548 Revision (1/99). Only
use ORIGINAL Form 9548 Revision (1/99)
- Attach the following Addenda:
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