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Assessment of the 602 Nonprofit Disposition Program

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From: HUD USER News
 
The U.S. Department of Housing and Urban Development is
committed to increasing homeownership among our nation's
low- and moderate-income families. In keeping with this
goal, HUD's 602 Nonprofit Property Disposition program
sells HUD-held single-family homes at deep discounts to
local governments and nonprofits. The homes are then
rehabilitated and resold, providing homeownership
opportunities to low- and moderate-income households,
while revitalizing economically troubled urban
neighborhoods. The Department has sponsored research to
identify appropriate baseline information and an
associated analytic structure for future evaluations of
the 602 Program. The results are summarized in
Assessment of the 602 Non-Profit Disposition Program.
 
This report describes the evaluation strategy and the
prospective statistical analysis developed, discusses
near-term progress of the 602 Program in three cities
(Baltimore Maryland; Salt Lake City, Utah; and
Rochester, New York), and provides readers with a
general understanding of the operations and potential
benefits of the program. The document can be downloaded
for free at www.huduser.gov/portal/publications/commdevl/602assessment.html.
 
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