Specifications include, but are not limited to: Pursuant to HUD rules and regulations, these properties are being offered for use under two options which are: Urgent Need National Objective which means there will be a deed restriction in perpetuity for use of the property prohibiting any permanent structure to be built. There will also be a requirement that any other type of improvement to the site will require approval of the City’s Flood Plain Manager (examples of acceptable uses are lawns, landscaping, gardens) or Low/Moderate Income (LMI) National Objective which means there must be built on the property consistent with Minot’s rules and ordinances a single family home elevated to one (1) foot above base flood elevation determined by FEMA and home must be sold to and occupied by a LMI qualified purchaser for occupancy below a price cap set by HUD and North Dakota at the time the house is built (cap periodically changes) with the most recent cap $283,348.