HUD Programs in Indianapolis (Marion County)

[Patrick S.]

We're looking at a 4-unit property in Indianapolis, IN (Marion County). We've learned that 3 of the 4 units are occupied by tenants on some type of HUD program. We've yet to determine which one, but we believe it's some type of homeless assistance program. Hopefully the seller knows and will tell us. Are they obligated to share this information? The seller pays the majority of the utilities, per their leases (which we've confirmed from the PM's billing statements that we've been provided).

Is anyone familiar with the Marion County HUD programs? Are they similar to Section 8? Is seller-paid utilities part of the requirements of the program? What are the watch-outs with this HUD Program? Who should we contact to get more info and what questions should we ask? If the seller can give us more info, I assume we can call the HUD office and answer most of these questions for ourselves. Really curious who may have experience with these and what advice you can share. Thanks in advance for your time and advice.

Patrick