This is the discount for properties in revitalization areas. It is up to the local HUD field officer to determine if only certain neighborhoods within a zip code area meet the revitalization area definition. All sales are as is, without warranty of any kind. Only single unit properties may be purchased for the OND initiative. The contract sales price must be the value established by the officer.
Some agencies have other home buying programs.
Yes, as long as our guidelines are not violated in supporting these other programs. Officers must live in the property as their sole residence for at least three years after the purchase.