• Tools and Templates

NSP Property Acquisition Guide

Date Published: September 2010

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Description

This component of the NSP Toolkits is intended for grantees and their partners acquiring properties with NSP funds. This guidance document addresses NSP eligibility criteria, other selection criteria to consider, market research, property identification, property evaluation, purchase agreements, and closings. It also provides links to and descriptions of various resources to assist with compliance with NSP requirements for appraisals, purchase discounts, tenant protections, the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 (URA), and the environmental review process.

Appendices include process charts, a sample file checklist, and forms related to compliance with URA and recently enacted tenant protection laws.

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Tags: NSP Real Estate Acquisition and Relocation (URA and Other Requirements)

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.

Author Organization
  • Enterprise Community Partners
Resource Approver
  • Peer Approved