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.

Active 14.313 Office of Housing-Federal Housing Commissioner, Department of Housing and Urban Development H - Sale, Exchange, or Donation of Property and Goods Not applicable. Housing Notice 00-07, dated April 28, 2000 (and subsequent extensions) Local government legally authorized by local law to make the purchase. Low- to moderate-income families and communities. Evidence of authority to purchase. Preapplication coordination is not applicable. 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. 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. Not applicable. Not applicable. Not applicable. Not applicable. Not applicable. Single family homes with a current as-is market value 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". FHA Single Family Housing Policy Handbook 4000.1, Section IV.B.2.f.viii outlines the details of the program. The Handbook can be found at https://www.hud.gov/sites/documents/40001HSGH.PDF 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. Not applicable. Not applicable. All annual reports submitted by local governments will be maintained by HOC Program Support Staff Director. Statutory formula is not applicable to this assistance listing.

Matching requirements are not applicable to this assistance listing.

MOE requirements are not applicable to this assistance listing. Not Applicable. Method of awarding/releasing assistance: Quarterly. Contact the appropriate HUD Homeownership Center (see https://www.hud.gov/program_offices/housing/sfh/fharesourcectr ) . Elissa Saunders
451 7th Street, SW
Washington, DC 20410 US
answers@hud.gov
Phone: (800) 225-5342. https://www.hudhomestore.com/Home/DollarHomes.aspx 86-4077-0-3-371 (Sale, Exchange, or Donation of Property and Goods) FY 18 FY 19 FY 20 FY 15 FY 17 FY 16 - Reported Under 14.311 Not applicable/available. Not applicable. Not applicable.