Department of Housing and Urban Development's Dollar Homes Program
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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
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Additional Resources

category - Home Buying Programs

Rehabilitation Mortgage Insurance Program
The Rehabilitation Mortgage Insurance Program intends to financially assist families as they repair or improve, purchase and improve, or refinance and improve their current residential properties that have been existent for more than a year.

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Department of Housing and Urban Development: Continuum of Care Homeless Assistance Programs
The CoC Homeless Assistance programs is designed to reduce the incidence of homelessness in established CoC communities, thereby the need to assist homeless individuals and families during the process of quickly transitioning to self-sufficiency and permanent housing.

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State of New York Mortgage Agency
The State of New York Mortgage Agency, otherwise referred to as SONYMA, is an agency established in the year 1970 in an attempt to address the shortages of funds within private banking systems that are specifically intended for residential mortgages within the State of New York.

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Government Grants within the United States Housing Sector
The government has established quite a slew of agencies that are specifically designed to administer housing programs and assist the needs of homebuyers, renters, and property developers.

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