NON-PROFIT ORGANIZATIONS AND GOVERNMENT
ENTITIES
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
APPROVED PURCHASE AREAS
Qualified non-profit organizations and government
entities are permitted to purchase properties located within
its approved purchase area.
Prior to the public listing, uninsured properties
that are located in an approved purchase area will be made
available only to those qualified Non-Profits and Government
Agencies during the Lottery Period under the Direct
Sale Program. For a list of available Non-Profit
and Government Agency HUD-homes, click on the appropriate
State button below:
LOTTERY PERIOD
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.
During the Lottery Period, qualified Non-Profits and Government
agencies may purchase only in their approved purchase areas:
- Uninsured properties located within revitalization areas at
a 30% discount (Winning and back up offerer are first selected
from individual officers and teachers)
- Uninsured properties located outside of a Revitalization Area
at a 10% discount
- Insured/Uninsured single unit properties located within
a revitalization area and sold under the GNND program
at a 50% discount (First priority will be given to individual
firefighters, emt's, officers and teachers)
COMPETITIVE PERIOD
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:
During the Owner Occupant and Extended Listing Periods, qualified
Non-Profits and Government agencies may purchase in their
approved purchase areas:
- Insured properties located within a revitalization area at
a 10% discount
- Uninsured properties located within revitalization areas at
a 30% discount
- Insured/uninsured properties located outside of a Revitalization
Area at a 10% discount
Qualified nonprofits and government agencies may earn a 15%
discount if five (5) or more bids are accepted from a single
purchaser within a fifteen (15) business day period and closed
simultaneously for the following:
- Insured/Uninsured properties located outside of revitalization
area
- Insured properties located within a revitalization area
BIDDING INFORMATION
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 and Government
agencies to purchase.
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.
SALES CONTRACT and REQUIRED ADDENDA:
- HUD SALES CONTRACT Form 9548 Revision (1/99).
- Attach the following Addenda:
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