The U.S. Department of Housing and Urban Development (HUD) on December 22 issued a proposed rule to govern the sale of HUD-held single family homes and mortgage assets in designated revitalization areas to local governments, states, Native American tribes, nonprofit organizations, or for-profit entities, to provide homeownership opportunities and promote neighborhood revitalization. Revitalization areas would be identified through application of specified economic and housing criteria. The proposed rule would implement an initiative mandated by a 1999 statute. (Comment Due Date: February 20)  Read More…