• Tools and Templates

NSP Homebuyer Development Program Manual: Attachment - Sample Agreement for Development and Sales of Single-Family Homes

Date Published: August 2010

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Description

This component of the NSP Homeownership Toolkit is intended for grantees running programs to develop homeownership properties. This example of an agreement between an NSP grantee and a developer governs the funding and implementation of a program of acquiring NSP-qualified residential properties, rehabilitating and/or building new infill homes, and selling the homes to qualified NSP buyers. This is a generic NSP agreement for developers of single-family homes for sale, in which grantees must fill in details of the scope of work and other requirements specific to the program. NSP compliance requirements are comprehensively addressed.

There are two sample developer agreements for single-family homes on the NSP Resource Exchange. This version serves as an attachment to the Single-Family Development and Sales Program Manual and should be used in conjunction with the program manual. A second sample agreement serves as a standalone tool to be adapted for the individual NSP project.

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Disclaimer: All peer approved resources shared on the HUD Exchange have been provided by the organization that developed them. The documents have not been reviewed by HUD or its contractors for applicability, legality, or compliance with federal statutory and regulatory guidelines. The posting of these documents on the HUD Exchange is not intended as an endorsement of the documents by HUD or any of its contractors.

Please bear in mind that these documents were created by organizations based on their specific needs and objectives, and they may reflect local laws and policies. Grantees and their partners should go through their own process to develop policies and corresponding procedures that are appropriate locally and that are compliant with federal, state, and local law.

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  • Enterprise Community Partners
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  • Peer Approved