Lease-Purchase tools are intended for grantees and their partners developing and operating programs to assist low- to moderate-income homebuyers in purchasing a home by allowing them to lease a home with an option to buy.
Toolkit resources categorized in the Program Setup phase are intended for use in the planning and program design phase of NSP projects. Resources include sample policies and procedures, program manuals, checklists, and sample agreements.
Sample NSP Short-Term Lease-Purchase Program Policies and Procedures Checklist
Checklist to review policies and procedures for lease-purchase programs
Date Published: January 2013
Example of NSP Policies and Procedures Manual for Short-Term Lease Purchase Programs
Example of a policies and procedures manual used by a short-term lease-purchase program in Ohio
Date Published: September 2010
Sample NSP Short-Term Lease-Purchase Program Policies and Procedures Manual
Adaptable policies and procedures manual for lease-purchase programs
Date Published: July 2010
Example of a Residential Lease with Option to Purchase for NSP
Example of a residential lease between a developer and lease-purchaser
Date Published: September 2010
Sample NSP Residential Lease with Option to Purchase
Adaptable sample agreement for use between developers and lease-purchasers
Date Published: July 2010
Sample NSP Residential Lease with Option to Purchase, Annotated
Annotated version of an adaptable sample agreement for use between developers and lease-purchasers
Date Published: July 2010
Template for preparing an agreement between a grantee and developer to use NSP funds in development and lease-purchase operations for single-family homes
Date Published: August 2010
Toolkit resources categorized in the Acquisition of Properties phase are intended for use by grantees and their partners who are using NSP funds to acquire property. Resources deal with such issues as property research, URA compliance, tenant protection and relocation, environmental review and more.
NSP Property Acquisition Guide
Guide to complying with NSP requirements related to property acquisition
Date Published: September 2010
Sample NSP Property Acquisition File Checklist
Index of documents to be included in a paper file for a property being acquired under NSP
Date Published: September 2010
Toolkit resources categorized in the Underwriting, Financing and Long-Term Affordability phase are intended for grantees and their partners who have acquired property and are financing their NSP project. Resources deal with such issues as applying for financing, pricing NSP homes to comply with NSP requirements, evaluating project feasibility, and more.
Guide to Using Interim Financing for NSP Activities
Short guide to help grantees understand and implement interim financing in their local neighborhood stabilization programs
Date Published: March 2012
Sample NSP Lease-Purchase Pro Forma
Template for preparing budgets for development, operations, and sale
Date Published: July 2010
Guidance on Qualification Criteria for Short-Term Lease-Purchase NSP Programs
List of possible criteria to use in evaluating a lease-purchaser's readiness to purchase and be mortgage-ready within the lease term
Date Published: August 2010
Toolkit resources categorized in the Rehabilitation and Construction Management phase are intended for use by grantees and their partners who have acquired property and financed their NSP projects, and are building or rehabilitating units. Resources deal with inspection and rehabilitation and include information on green specifications.
NSP Green Housing Development Guide
Guide for incorporating cost-effective green building standards into single-family housing development or rehabilitation programs
Date Published: August 2010
Toolkit resources categorized in the Property and Occupancy Management phase are intended for use by grantees and their partners who are carrying out day-to-day operations of the buildings and units developed with NSP funds. Resources deal with such issues as maintenance programs, rental management, income qualification, and more.
Guide to Completing NSP Income Certifications
Sample procedures for calculating household income to determine eligibility for NSP housing assistance
Date Published: March 2016
NSP Sample Rental Housing Property Management Agreement
Agreement between property owner and management company for management company to operate a rent- and income-restricted rental housing property as an agent of the property owner
Date Published: September 2010
NSP Sample Scattered-Site Rental Housing Management Document Set
Document set for managing scattered-site rental housing projects -- includes management agreement, rental application form, lease, house rules, homeownership plan, home visit form, and job descriptions for staff positions
Date Published: September 2010
Toolkit resources categorized in the Program Administration phase are intended for use by grantees and their partners who are managing the activities carried out under NSP. Resources deal with project and financial management issues, and include sample checklists and activity logs.
NSP Property Development Activity Log
Spreadsheet for subrecipients and developers to track NSP project data for their own data management purposes and to transmit to the NSP grantee
Date Published: August 2010
NSP Site and Rehabilitation Approval Request Form
Spreadsheet for tracking crucial information on property acquisitions
Date Published: August 2010