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Assessment of the 602 Non-Profit Disposition Program



Release Date: 
December 2006 (63 pages)
Posted Date:   
December 1, 2006



The U.S. Department of Housing and Urban Development (HUD) is committed to increasing homeownership among our nation's low- and moderate-income families. In keeping with this goal, HUD's 602 Nonprofit Property Disposition program sells HUD-held single-family homes at deep discounts to units of general local government and nonprofits. The homes are then rehabilitated and resold, providing homeownership opportunities to low- and moderate-income households, with the concomitant benefit of revitalizing economically troubled urban neighborhoods. The Department has sponsored research to identify appropriate baseline information and an associated analytic structure for future evaluations of the 602 Program. This report describes the evaluation strategy and the prospective statistical analysis developed; discusses near-term progress of the 602 Program in three cities: Baltimore Maryland; Salt Lake City, Utah; and Rochester, New York; and provides readers with a general understanding of the operations and potential benefits of the 602 program.



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Note: Guidance documents, except when based on statutory or regulatory authority or law, do not have the force and effect of law and are not meant to bind the public in any way. Guidance documents are intended only to provide clarity to the public regarding existing requirements under the law or agency policies.