• Tools and Templates

Sample Agreement Between an NSP Grantee and Developer for Development and Lease-Purchase Operations for Single-Family Homes

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Date Published: August 2010

Description

This component of the NSP Lease-Purchase Toolkit is intended for NSP1 and NSP2 grantees to use as a template for preparing an agreement with developers for use of NSP funds to acquire, rehabilitate and lease with option to purchase homes; to demolish blighted single-family homes and replace with new construction; and/or to acquire vacant land for redevelopment.

It is intended to be used with the following companion documents: Sample NSP Single-Family Development and Sales Program Manual, Exhibit A to Single-Family Developer Agreement (embedded into the Word document), Sample Lease-Purchase Pro Forma and Sample Lease Purchase Policies and Procedures Manual.

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Tags: NSP

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
  • Training and Development Associates
Resource Approver
  • Peer Approved