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HUD/OH RIN: 2502-AH40 Publication ID: Fall 1999 
Title: Disposition of HUD-Owned Single Family Assets in Revitalization Areas (FR-4471) 
Abstract: This proposed rule would implement section 602 of the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1999 (Pub. L. 105-276 112 Stat. 2461, approved October 21, 1998). Section 602 directs HUD to carry out a program under which HUD-owned homes and mortgages are made available in a manner that promotes expanded homeownership opportunities in designated revitalization areas. Under section 602, the Secretary will designate revitalization areas, in consultation with affected units of general local government and interested nonprofit organizations. Section 602 provides that the Secretary shall provide a preference in the sale of HUD-owned homes and mortgages to nonprofit organizations or to the unit of general local government having jurisdiction in the revitalization area. 
Agency: Department of Housing and Urban Development(HUD)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 24 CFR 291   
Legal Authority: 12 USC 1701 et seq    42 USC 3535(d)   
Legal Deadline:
Action Source Description Date
Final  Statutory    10/21/2000 
Timetable:
Action Date FR Cite
NPRM  01/00/2000    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Included in the Regulatory Plan: No 
Agency Contact:
Joseph McCloskey
Director, Office of Single Family Asset Management
Department of Housing and Urban Development
Office of Housing
Room 9172,
Phone:202 708-1672