[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: 24CFR291.580]

[Page 505]
 
                 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 F--Officer Next Door Sales Program
 
Sec. 291.580  May governmental entities and private nonprofit organizations purchase homes through the Officer Next Door Sales Program?

    Yes, governmental entities and private nonprofit organizations may 
purchase homes through the Officer Next Door Sales Program, if they 
intend to resell these homes directly to law enforcement officers under 
the terms and conditions of the Officer Next Door Sales Program. In 
order to participate, governmental entities and private nonprofit 
organizations must either:
    (a) Assign the sales contract to a qualified law enforcement officer 
before, or at the time of, closing; or
    (b) Participate in a three party closing with the qualified law 
enforcement officer.