Department of Housing and Urban Development's Dollar Homes Program

by: TopGovernmentGrants Editorial Staff

The Department of Housing and Urban Development, otherwise known as HUD, is a Cabinet department in the Executive branch of the US federal government.

The Department of Housing and Urban Development's work is geared towards the creation of strong and sustainable communities as well as decent, quality homes that are available for all.

In addition to all its existing housing programs, HUD has recently established the 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.

The primary goal of the Dollar Homes Program is to provide assistance and foster housing opportunities for low-to-moderate income families, thereby addressing certain community needs.

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

category - Home Buying Programs

FirstHome Mortgage Program in North Carolina
One of the programs of the agency is the FirstHome Mortgage Program wherein they seek to offer 30-year fixed interest rate mortgages to first time home buyers in the State of North Carolina.

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Keystone Home Loan PLUS Program
The Pennsylvania Housing Finance Agency has constituted the estbalishment of the Keystone Home Loan PLUS Program wherein it aims to offer the lowest PHFA interest rate to first time home buyers in the State of Pennsylvania.

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First Time Homebuyer Programs in Virginia
In 1972, the Commonwealth of Virginia has constituted the establishment of the Virginia Housing Development Authority in an effort to respond to the needs of Virginians who seek quality, affordable housing.

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Downpayment Assistance Program for the First Time Home Buyers in North Carolina
The programs and activities of the North Carolina Housing Finance Agency are constantly geared towards the satisfaction of the best interest of its target population, which is why all their endeavors are carefully guided by their overall agency mission which is "to create affordable housing opportunities for North Carolinians whose needs are not met by the market."

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