HUD Submits Proposed Rule for HUD-Owned Real Estate-Dollar Home Sales Program

Summary

The U.S. Department of Housing and Urban Development (HUD) has submitted a proposed rule to the Office of Management and Budget (OMB) for review, seeking public comments on a program that offers HUD-owned single-family properties to local governments and Community Development Corporations (CDCs) at one dollar. The proposed rule aims to implement a program that facilitates the sale of HUD-owned properties to eligible purchasers.