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HUD/OH RIN: 2502-AH40 Publication ID: Spring 2011 
Title: Disposition of HUD-Owned, Single-Family Assets in Asset Control Areas (FR-4988) 
Abstract: This rule would codify a program to make available HUD-held, single-family assets for sale to governmental organizations and nonprofits for use in homeownership programs to revitalize certain areas. Under the program, HUD would identify revitalization areas by applying specified economic and housing criteria. Eligible purchasers, that is, units of general local government and nonprofit organizations, may establish an Asset Control Area within a revitalization area and commit by contract to purchase, at a discount, all HUD-owned, single-family homes that become available in that area for a time frame specified by the contract. By statute, these purchasers are to be given preference. The entities would then improve and sell the assets pursuant to a HUD-approved plan to encourage homeownership and revitalize the area. 
Agency: Department of Housing and Urban Development(HUD)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 24 CFR 291   
Legal Authority: 12 USC 1710(h)    42 USC 3535(d)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/22/2008  73 FR 78554   
NPRM Comment Period End  02/22/2009    
Final Action  02/00/2012    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Ivery Himes
Director, Office of Single Family Asset Management, Office of Housing
Department of Housing and Urban Development
Office of Housing
451 Seventh Street SW,
Washington, DC 20410
Phone:202 708-1672