[Code of Federal Regulations]
[Title 24, Volume 2]
[Revised as of April 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR291.1]

[Page 492]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
 CHAPTER II--OFFICE OF ASSISTANT SECRETARY FOR HOUSING--FEDERAL HOUSING 
        COMMISSIONER, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
PART 291--DISPOSITION OF HUD-ACQUIRED SINGLE FAMILY PROPERTY--Table of Contents
 
                      Subpart A--General Provisions
 
Sec. 291.1  Purpose and general requirements.

    Source: 64 FR 6479, Feb. 9, 1999, unless otherwise noted.


    (a) Purpose. (1) This part governs the disposition of one-to-four 
family properties acquired by the Federal Housing Administration (FHA) 
through foreclosure of an insured or Secretary-held mortgage or loan 
under the National Housing Act, or acquired by HUD under section 312 of 
the Housing Act of 1964. HUD will issue detailed policies and procedures 
that must be followed in specific areas.
    (2) The purpose of the property disposition program is to dispose of 
properties in a manner that expands homeownership opportunities, 
strengthens neighborhoods and communities, and ensures a maximum return 
to the mortgage insurance funds.
    (b) Nondiscrimination policy. The requirements set forth in 24 CFR 
parts 5 and 110 apply to the administration of any activity under this 
part. In addition, in accordance with 24 CFR 9.155(a), HUD must ensure 
that its policies and practices in conducting the single family property 
disposition program do not discriminate on the basis of disability.