HUD Archives: News Releases

HUD No. 01-037
Further Information:
In the Washington, DC area: 202/708-0685
Or contact your local HUD office
For Release
April 04, 2001


WASHINGTON - The U.S. Department of Housing and Urban Development today announced that it will sell nearly 6,000 loans totaling $111 million made under HUD's Section 312 Rehabilitation Loan Program.

HUD's Section 312 program was repealed in 1990 and new loan commitments ceased nearly a decade ago. The program was structured to offer low-interest loans for the rehabilitation of properties in distressed urban neighborhoods. More than $1.6 billion in single- and multi-family loans helped to restore more than 106,000 homes in some of the nation's most blighted inner-city neighborhoods over the life of the program.

HUD is offering a two-page sales brochure to provide further details of the Internet-based transaction. To order a Bid Package, it is necessary to complete and submit a Confidentiality Agreement and a Bidder Qualification Statement.

Hanover Capital Partners Ltd. will manage the sale and will act as HUD's financial adviser. To obtain HUD's sales brochure, Confidentiality Agreement and a Bidder Qualification Statement, call (800) 909-1244, send an email to or visit


Content Archived: March 26, 2010