24 C.F.R. § 291.520   How do I qualify to purchase a home through the Officer Next Door Sales Program?


Title 24 - Housing and Urban Development


Title 24: Housing and Urban Development
PART 291—DISPOSITION OF HUD-ACQUIRED SINGLE FAMILY PROPERTY
Subpart F—Officer Next Door Sales Program

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§ 291.520   How do I qualify to purchase a home through the Officer Next Door Sales Program?

To qualify to purchase a home through the Officer Next Door Sales Program you must:

(a) Be a full-time law enforcement officer as described in §291.530;

(b) Agree to own, and live in as your sole residence, the home for the entire duration of the owner-occupancy term;

(c) Agree to execute a second mortgage and note on the home as described in §291.550 for the difference between the list price and the discounted selling price;

(d) Agree that you will not own any residential real property, other than the home you purchase through the Officer Next Door Sales Program, during the owner-occupancy period.

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