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.

SALES CONTRACT and REQUIRED ADDENDA:

-   HUD SALES CONTRACT Form 9548 Revision (1/99).

-   Attach the following Addenda:

• Lead Paint Addendum , if the property was built prior to 1978.
• Land Use Restriction Addendum (for 30% discounted properties).
• Notice to Purchasers Addendum
• Inspection Addendum
• Letter from a Financial Institution acknowledging that purchaser has funds available for down payment.
• Mortgage Pre-Qualification Letter from a lending institution, if the purchase is to be mortgaged, stating that an in-house credit check has been performed and the purchaser has been pre-qualified for a mortgage up to a specified mortgage amount.
• Certification from a Financial Institution, if the purchase is cash, stating that funds are available on the day of closing.
• Resolution authorizing signatory authority.
• Radon Gas and Mold Form and Release Agreement