HUD used to sell these homes directly to the public, at a discount, listed through a local contracted realtor. First they went to families/Individuals, and you had to live in it as your primary home for at least two years.
If they didn’t sell within 4-6 weeks of being listed that way, they were made available to investors, with the price falling each week until the unit sold.
If that didn’t work, auctions were used to dispose of the rest.
They also had the VERY effective Officers/Teachers Program, allowing them to buy homes within certain “Distressed” zip codes, for 1/2 of the listed price,provided it was thier primary home for 5 years, a VERY GREAT DEAL, putting these people in to the neighborhoods they worked in.
Unfortunately, this program was corrupted by Baltimore, DC, and Philly cops, who would buy the homes, then RENT THEM or sell them to a straw buyer, pocketing the mortgage, knowing the contracted local inspectors could be bought off.
What’s going to happen here is the typical DC two-step, with money going DIRECTLY in to Democrat Coffers, through corruption, and straw buyers like ACORN housing.
Renters inevitably eventually trash the place. Welcome to the third world america.