HUD’s Dollar Homes

HUD’s Dollar Homes initiative helps local governments to foster housing opportunities for low to moderate income families and address specific community needs by offering them the opportunity to purchase qualified HUD-owned homes for $1 each.

Dollar Homes are single-family homes that are acquired by the Federal Housing Administration (which is part of HUD) as a result of foreclosure actions. Single-family properties are made available through the program whenever FHA is unable to sell the homes for six months.

By selling vacant homes for $1 after six months on the market, HUD makes it possible for communities to fix up the homes and put them to good use at a considerable savings. The newly occupied homes can then act as catalysts for neighborhood revitalization, attracting new residents and businesses to an area.

Local governments can partner with local nonprofit homeownership organizations or tap into existing local programs to resell the homes to low- and moderate-income residents of the community.

To find out if properties are available for sale in your community, visit HUD Homes and click on your state.

13 thoughts on “HUD’s Dollar Homes

  1. Merlyn Mead

    Help me find a HUD homes. I’m 80 years old, and I’m living with my social security, and I’m tired of moving to different apartments. I want to own a cheap house.

    Reply
  2. Maureen Horton

    seeking affordable home(s),12345 Greenlawn, 16535Lamphere(brightmoore area) 15140 Evergreen,13424 Coyle, all others in Detroit,MI. area.Please e-mail me infornmation about addresses above and other affordable housing. Thank You.

    Reply
  3. Janis and Mary Holley

    My mother and I are looking for Hud rental properties, she is 89 (Mary) and I am (56) Janis. We prefer a small flat house as she is disabled and I am her care-giver as well. She refuses long-term care and at her age I totally agree wtith her. We would like to look into the possibility of living in scattered sites in the North west or Central parts of Cincinnati. Can you help us. A former HUD housing representative referred us to you for assistance

    Reply
  4. Jamie C

    I am looking for an inexpensive hud home for my self,and my two preteen children on the west side of chicago.

    Reply
  5. Barbara

    Single mom of 5 and a 20mo. old grandbaby…tired of throwing money away on renting and living where nothing gets done about ppl dealing drugs out here. The only time they really fix things around here is when we have a major inspection…After about 4 yrs I finally get my upstairs restroom sink fixed, 5 blinds & 2 doors replaced, and even had light fixtures that didnt need replacing replaced! Im also being charged for a window that was broken by some kids with a BB gun that live in the complex and for another that was broken when we moved in and all they did to fix it was blue taped it! Now they want to charge me more than what i pay in rent to pay back what they replaced… I would rather have my own home where i can fix things myself and not pay an arm and a leg for the things i can get for half the price. I need privacy and a safe environment for my little ones. PLEASE email me some info… I really need help!

    Reply

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