NSP FAQ
Q

If a NSP grantee plans to acquire property through an auction, how can it demonstrate compliance with the environmental review requirements?

Date Published: October 2012

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A

Any acquisition of real property, including property acquired through auctions using NSP funding, requires completion of a HUD environmental compliance review before a firm commitment to purchase the property can be made. HUD policy does not allow bids before the environmental review is complete in order to allow for an unprejudiced decision about the action and to allow for any modifications or project cancellation based upon the environmental review.


Tags: NSP Environmental Review

FAQ ID:

1051