Dollar Home Sales
To expand HUD's partnership with local governments in helping to foster housing opportunities for low-to-moderate income families and address specific community needs.
General information about this opportunity
Last Known Status
Agency: Department of Housing and Urban Development
Office: Office of Housing-Federal Housing Commissioner
Type(s) of Assistance Offered
SALE, EXCHANGE, OR DONATION OF PROPERTY OR GOODS
Housing Notice 00-07, dated April 28, 2000 (and subsequent extensions).
Who is eligible to apply/benefit from this assistance?
Local government legally authorized by local law to make the purchase.
Low- to moderate-income families and communities.
Evidence of authority to purchase. This program is excluded from coverage under 2 CFR 200, Subpart E - Cost Principles.
What is the process for applying and being award this assistance?
Preapplication coordination is not applicable. Environmental impact information is not required for this program. This program is excluded from coverage under E.O. 12372.
This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Submit HUD-9548, Sales Agreement, stating a purchase price of one dollar ($1.00) plus closing costs, together with the Addendum to Sales Contract in the form attached to Housing Notice 06-02, as further detailed in Housing Notice 00-07, to HUD by close of the 10-day listing period for a property.
Evaluation of the documentation required by the application procedure evidenced by HUD's execution of the Sales Agreement and approval of the purchaser's plan for use of the property.
Approval/Disapproval Decision Time
Properties assigned to this program are offered for 10 days.
How are proposals selected?
How may assistance be used?
Single family homes with appraised values of $25,000 or less that are acquired through foreclosure of Federal Housing Administration (FHA) insured loans will be available for purchase by local governments at a price of $1 plus closing costs, after the properties have been actively marketed for at least 6 months and remain unsold. The property must be located with the jurisdiction of the purchasing local government with the intent of using the property for a "clear public purpose".
Housing Notice 2013-19, dated April 3, 2013, announced the extension of the Dollar Home Sales to Local Governments Program as described in Notice H 2011-16, which can be found at
Available properties are listed at HUD’s website located at http://www.hudhomestore.com/Home/Index.aspx where eligible governmental entities can search listings by location and buyer type.
What are the requirements after being awarded this opportunity?
All annual reports submitted by local governments will be maintained by HOC Program Support Staff Director.
Other Assistance Considerations
Formula and Matching Requirements
This program has no statutory formula.
Matching requirements are not applicable to this program.
MOE requirements are not applicable to this program.
Length and Time Phasing of Assistance
Not Applicable. Method of awarding/releasing assistance: quarterly.
Who do I contact about this opportunity?
Regional or Local Office
See Regional Agency Offices. Contact the appropriate HUD Homeownership Center listed in Appendix IV of the Catalog.
Wanda L. Sampedro, 451 7th Street, SW, Washington, District of Columbia 20410 Email: email@example.com
Phone: (800) 225-5342.
(Sale, Exchange, or Donation of Property and Goods) FY 14 Not Separately Identifiable(Exp: Reported under 14.311); FY 15 Not Separately Identifiable; and FY 16 Not Separately Identifiable - Reported Under 14.311.
Range and Average of Financial Assistance
No Data Available.
Regulations, Guidelines and Literature
Examples of Funded Projects