The purpose of the HOPE for Homeownership of Single Family Homes program (HOPE 3) is to provide homeownership opportunities for eligible families to purchase Federal, State, and local government-owned single family properties. HOPE 3 provides grants to eligible applicants to plan and implement homeownership programs designed to meet the needs of low-income first-time homebuyers.
Code of Federal Regulations
[58 FR 36526, July 7, 1993, as amended at 61 FR 48797, Sept. 16, 1996]