Department of Housing and Urban Development's Dollar Homes Program
Page 2

In addition, the Dollar Homes Program is also designed to enable communities to make good use of vacant homes that have remained on the market for six months, and at the same time it seeks to make the newly occupied homes act as instruments towards neighborhood revitalization, for the reason that it could attract new residents and new business establishments to the area.

Since HUD is partnering with local governments for the Dollar Homes Program, the agency also requires that the properties be located within the jurisdiction of the purchasing local government, granted that their intentions are limited to using the properties for a clear public purpose instead of using it to acquire profit.

Local governments will be considered eligible to participate in the Dollar Homes Program as long as they are authorized by their local law to make the purchase, and as long as they intend to make this houses available for low-to-moderate income families, as implied by the Dollar Homes Program.

The Department of Housing and Urban Development, the primary agency who established the Dollar Homes Program, is the US government's premiere agency that is primarily responsible for increasing home-ownership rates, providing support to community development projects and increasing access to affordable housing opportunities.

In the fiscal year 2007, the Department of Housing and Urban Development estimates that at least 70 homes were sold for $1 under the Dollar Homes Program.

Department of Housing and Urban Development's Dollar Homes Program
  Back to Page 1

About The Author Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. She also maintains Websites providing resources on environmental grants and grants for youth programs.

Additional Resources

category - Community Development Grants

State Vital Statistics Improvement Program
In keeping with this mission, the Centers for Disease Control and Prevention has established the State Vital Statistics Improvement Program in an attempt to is to enhance the operational efficiencies of the state vital statistics programs and their ability to provide timely, high quality, and comparable data to the National Vital Statistics System (NVSS).

---

Department of Housing and Urban Development's Dollar Homes Program
The Dollar Homes Program revolves around the process of selling single family homes for a superbly reasonable price of $1 (plus closing cost) to low-to-moderate income families, granted that these houses have been acquired through foreclosure by the Federal Housing Administration, and have already been actively marketed for at least six months and still remained unsold after that certain period of time.

---

Community Development Financial Institutions
Community Development Financial Institutions are basically financial institutions who possess the ability to provide credit and financial services to underserved industries and communities.

---

2012 Public Works and Economic Adjustment Assistance Programs Opportunity
The Economic Development Administration has recently established the Public Works and Economic Adjustment Assistance Program in an effort to solicit applications from urban and rural communities to create initiatives that could potentially advance new ideas and innovative strategies in an effort to address constantly changing economic conditions.

---