[Federal Register Volume 59, Number 181 (Tuesday, September 20, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-23238]


[[Page Unknown]]

[Federal Register: September 20, 1994]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Office of the Assistant Secretary for Housing-Federal Housing 
Commissioner
[Docket No. N-94-3816; FR-3772-N-01]

 

Single Family Property Disposition Sales Program for Public 
Safety Employees

AGENCY: Office of the Assistant Secretary for Housing-Federal Housing 
Commissioner, HUD.

ACTION: Notice.

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SUMMARY: Today, HUD is announcing a sales initiative under the Single 
Family Property Disposition Regulations that is designed to enhance the 
quality of life and make more homeownership opportunities available to 
employees who are charged with the responsibility of ensuring the 
safety and well-being of residents in the community. Under this effort, 
HUD will allow governmental entities to purchase HUD-owned properties 
for resale to their public safety employees, such as police officers, 
firefighters and emergency medical technicians. These properties will 
be occupied by the public safety employees as their primary residences. 
Assisting local governments by making properties available for purchase 
by public safety employees will further the Department's objective of 
creating a safe and decent housing environment for all American 
families.

DATES: September 20, 1994.

FOR FURTHER INFORMATION CONTACT: Ann M. Sudduth, Director, Single 
Family Property Disposition Division, Department of Housing and Urban 
Development, 451 7th Street, SW, Washington, DC 20410; telephone (202) 
708-0740; Hearing or speech-impaired individuals may call HUD's TDD 
number (202) 708-4594. (These telephone numbers are not toll free.)

SUPPLEMENTARY INFORMATION:

I. Background

    HUD's regulations at 24 CFR part 291, Disposition of HUD-Acquired 
Single Family Property, allow the Secretary to sell properties to 
governmental entities.
    On October 20, 1993, the Department published an interim rule, 
which subsequently became effective on November 19, 1993, amending 
certain provisions of part 291 to allow for a greater flexibility in 
fluctuating market situations and to provide greater opportunities for 
affordable housing to families and to State and local governments or 
nonprofit organizations serving low- and moderate-income families.
    A major goal of the Department is to use its resources in a manner 
that enhances the general well-being of American communities. Promoting 
safe neighborhoods is a critical component of the Nation's housing 
policy.
    The Department wants to assist these kinds of efforts. Accordingly, 
it will utilize its authority under 24 CFR part 291 to make single 
family properties nationwide available for this purpose.

II. Requirements for Purchase of Properties

    Only a unit of state or local government may purchase properties 
under this program. Governmental entities will receive a discount of 30 
percent for those properties which are uninsurable and located in 
revitalization areas. Insurable properties in revitalization areas will 
be offered at a discount of 10 percent. It is anticipated that this 
discount will be passed on to the public safety employee.
    Governmental entities purchasing properties under this program 
should establish a means to ensure that its intent is not abused by the 
potential purchaser, the public safety employee. The public safety 
employee should be required to occupy the property as his or her 
principal residence for at least one year from the date of HUD's 
closing. Exceptions may be granted by the governmental entity to this 
occupancy requirement.

III. Participation in this Program

    Properties will be sold to governmental entities through 
competitive bidding or direct sale. Interested governmental entities 
should contact the local HUD Field Office in their jurisdiction for 
information on this program.

    Dated: September 13, 1994.
Jeanne K. Engel,
General Deputy Assistant Secretary for Housing--Federal Housing 
Commissioner.
[FR Doc. 94-23238 Filed 9-19-94; 8:45 am]
BILLING CODE 4210-27-P