Cityside has combined with Hudson & Marshall to offer several HUD homes in an H&M Online auction April 28 – 30 2014. This event also features a pre-auction sale period whereby HUD will entertain offers up to April 22 at 5pm CDT. Please go to www.HUDhomeauction.com or more information.
ACA- Asset Control Area
Foreclosed properties conveyed back to FHA that are located in a designated Asset Control Area (ACA) are first offered for sale to an ACA participant. Under the ACA Program, state, county and local units of government, as well as approved nonprofit organizations may enter into a two-year contract with HUD requiring HUD to first make FHA properties located in an ACA exclusively available for sale to the ACA participant. ACA properties with an appraised value of $25,000 or less may be purchased for $100; all other properties sold under the ACA Program are offered for sale at a minimum discount of 50 percent of the appraised property value. For more information on this HUD special program, please click here.
NSP- Neighborhood Specialization Program
The Neighborhood Stabilization Program (NSP) was established for the purpose of stabilizing communities that have suffered from foreclosures and abandonment. Through the purchase and redevelopment of foreclosed and abandoned homes and residential properties, the goal of the program is being realized. For information on the Neighborhood Stabilization Program (NSP), click here.
GNND- Good Neighbor Next Door
The Good Neighbor Next Door (GNND) program allows law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians to contribute to community revitalization while becoming homeowners. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return you must commit to live in the property for 36 months as your sole residence. For more information on this program, click here.
$ Dollar Home
HUD Dollar Home Program Homes are single-family homes that are acquired by the Federal Housing Administration (which is part of HUD) as a result of foreclosure actions. Single-family properties are made available through the program whenever FHA is unable to sell the homes for six months. Click here for more information on this program, click here.
Back to Top