The Atlanta Homeownership Center approved the use of two Sales Initiatives.  The $500 broker bonus was available for HUD listings with an effective date of September 1, 2007.  The temporary suspension of the $100 Down payment was lifted, and it is now available for HUD listings with an effective date of October 5, 2007.   

            1.  $100 Down payment for purchasers using FHA financing – entire HOC jurisdiction (owner occupants only)

            2.  $500.00 Broker Incentive for all Owner Occupied purchases in Alabama, Mississippi and the 5 participating PA Counties. 

This makes the $100 Down payment initiative available for all HUD-owned properties advertised to the general public, beginning with the listings October 5, 2007, and thereafter.  THE $100 Down payment INCENTIVE IS NOT AVAILABLE UNLESS IT IS ON THE EXECUTED CONTRACT PRESENTED TO THE CLOSING AGENT BY THE M & M contractor, and it is not available on contracts executed prior to the effective dates shown above.