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 Government Grants Resources


Small Business Grants - Free or Low Cost Consulting for Your Small Business
Did you know that it is possible for you to receive free or low cost consulting for your small business? If it sounds too good to be true, rest assured it is actually possible. Not only does it make sense economically, but you would be receiving advice from professionals who have extensive business experience.


Uncle Sam's Money and How to Get a Micro Loan
The US Governement has a MicroLoan Program that provides small loans to new start-up companies, newly established businesses, or loans to help small business growth concerns. Under this government l...


Can You Use Government Grants to Become A Real Estate Entrepreneur?
Real Estate Apprentice Grant your way to being a Real Estate Entrepreneur...


How to Apply for a Federal Grant
In this article, we are going to provide you with detailed instructions of how you can flawlessly and successfully submit an application for your preferred funding opportunity.


Rural Community Development Initiative
The Rural Community Development Initiative can be awarded to legally qualified private, public, and tribal groups or organizations that have the experience and capability of providing training and technical assistance to nonprofit community-based housing and community development organizations, as well as low income rural communities.


Research Opportunities In Space and Earth Sciences (ROSES) 2011
The National Aeronautics and Space Administration has established the Research Opportunities in Space and Earth Sciences (ROSES) 2011 Program in order to support their agency's Science Mission Directorate (SMD).


First Time Homebuyer Programs in Montana
The Montana Board of Housing, otherwise referred to as BOH, was primarily established to to provide decent, safe, sanitary and affordable housing for lower income individuals and families in the State of Montana.





Tsega Belachew, an Ashoka Changemaker, shares insights on social entrepreneurs paving the path for youth employment solutions in Africa.




Social Services Jobs

  Education Jobs
  Human Services Jobs
  Social Services Employment
  Fundraising & Development Jobs
  Executive Director Jobs





More Federal Domestic Assistance Programs


ARRA - Strategic Health IT Advanced Research Projects (SHARP) | Norman E. Borlaug International Agricultural Science and Technology Fellowship | Assistance to Firefighters Grant | Team Nutrition Grants | Foreign Investment Financing |  Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy


Edited by: Michael Saunders

© 2004-2021 Copyright Michael Saunders