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
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:
Alaska • Idaho • Illinois • Indiana • North Carolina • Oregon
South Carolina • Virginia • Washington • West Virginia
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)
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
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:
• Lead Paint Addendum, if the property was built prior to 1978.
• Land Use Restriction Addendum (for discounted properties of 10% or more).
• Notice to Purchasers Addendum.
• General Addendum to Sales Contract.
• 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