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Interim Evaluation of the Single Family Property Disposition Demonstration


Authors:   

Release Date: 
June 1993 (126 pages)
Posted Date:   
January 5, 2011



The Single Family Property Disposition Demonstration Program (Demonstration) was established to explore the feasibility of an alternative method of selling single family properties held by the Department of Housing and Urban Development (HUD). These properties were initially insured by the Federal Housing Administration (FHA) Single Family Mortgage Insurance Program and later acquired by HUD through foreclosure. Through its Property Disposition Division, HUD typically attempts to sell these properties to the highest bidder, whether an investor or an owner-occupant. The Demonstration authorized the sale of these HUD-acquired properties at a discount to approved nonprofit and government agencies. These agencies, in turn, were expected to rehabilitate the properties and sell them to low-and moderate-income owner-occupants.


This report is part of the collection of scanned historical documents available to the public.