Non-Profit Programs

HUD Approved Non-Profits receive a discount on purchasing HUD properties. This discount is between 10% and 30% off the purchase price of the property and is based on the insurablity and location of the property. The Non-profit agency MUST be a HUD Registered Non-Profit Agency to qualify for the discount for more information on how to become a HUD approved Non-profit please click the link below.

How to become an Approved Non-Profit (housing)

List of Approved Non-Profits (REO Purchases): Non-profit agencies approved to do business with HUD/FHA get approval for placement on the non-profit roster from the appropriate HUD Homeownership Center. Each Homeownership Center maintains a roster of approved non-profit agencies for its jurisdiction.

Maryland, Michigain, Ohio, West Virginia (-Philadelphia HOC)

Borrower authority
Secondary financing

North Carolina and South Carolina (-Atlanta HOC)

Alaska (-Santa Ana HOC)

HUD Approved (registered) Non-Profits receive a 30% discount if purchasing a property that is located in a revitilization area and listed Uninsurable (not available for FHA Financing). If the property being purchased is not in a revitilization area or is listed FHA insurable the HUD Approved Non-Profit will receive a 10% discount on the HUD property purchase.

For additional information regarding Non-Profit Registration please check HUD's website: www.hud.gov or contact HUD directly.

For additional information regarding HUD Approved Non-Profit Purchases in the states listed above please e-mail MCB's Special Programs Coordinator.