24 C.F.R. § 291.510 How does the Officer Next Door Sales Program work?
Title 24 - Housing and Urban Development
(a) The Officer Next Door Sales Program enables a full-time law enforcement officer to purchase a HUD-acquired home located in a HUD-designated Revitalization Area or HUD-approved exception area: (1) At a discount from the list price; and (2) With a reduced downpayment, if: (i) The home is eligible for an FHA-insured mortgage; and (ii) The law enforcement officer chooses to finance the home through an FHA-insured mortgage, and is qualified to obtain such a mortgage. (b) Under the Officer Next Door sales Program, all properties acquired by HUD (both those that are eligible for FHA mortgage insurance and those that are not eligible) located in HUD-designated Revitalization Areas are made available to interested law enforcement officers, government entities, and nonprofit organizations prior to listing the properties for sale to the general public. Purchasers must notify HUD of their geographic area of interest and will be given five (5) days to indicate their preliminary interest in a specific property as more fully explained in §291.210(a).
Title 24: Housing and Urban Development
PART 291—DISPOSITION OF HUD-ACQUIRED SINGLE FAMILY PROPERTY
Subpart F—Officer Next Door Sales Program
§ 291.510 How does the Officer Next Door Sales Program work?
