Dollar Home Sales
Active
- Assistance listing
- 14.313
- Agency
-
Assistant Secretary for Housing Federal Housing Commissioner
Department of Housing and Urban Development
- Grant awards
- Not on record
Program facts
- Also known as
- Dollar Home Program
- Treasury accounts
-
- 86-4587-0-3-371
- 86-4077-0-3-371
- More information
Program details come from SAM.gov Assistance Listings. Updated .
About this program
The Department of Housing and Urban Development, through its Dollar Home Sales program (CFDA 14.313), enables units of local government to purchase HUD-owned single-family homes for $1 each plus closing costs after properties remain unsold following at least six months of active marketing.
The program targets homes with current as-is market values of $25,000 or less acquired through foreclosure of FHA-insured loans. Eligible purchasers are units of local government within the jurisdiction where the property is located. Properties must be used for a clear public purpose — specifically to foster housing opportunities for low-to-moderate income families and address specific community needs. The program prohibits use for speculative resale, private investment gain unrelated to municipal purposes, or nonhousing commercial development, though housing-tied revitalization is permitted.
Available properties are listed on HUD's Home Store website where eligible governmental entities search and identify qualifying homes by location. Once a local government identifies a property, it submits documentation for HUD's execution of a Sales Agreement and approval of the purchaser's use plan. HUD maintains annual reports submitted by local governments through its Housing Opportunities Commission Program Support Staff Director.
The source does not identify recent grant awards, grant opportunities currently open for application, or award cadence data. It does not report combined federal dollars obligated, typical award ranges, or the distribution of assistance types. The program description emphasizes the transactional mechanism — conveyance of foreclosed homes to local governments at nominal cost — rather than describing grant-funded activities or services recipients provide. No information supports whether this program is currently active in competitive solicitation mode or operates as a passive listing service where local governments self-identify and claim properties. Prospective applicants should verify current program status, recent activity volume, and property availability before pursuing engagement.
Objective and description
- Objective
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. The HUD Dollar Home Program is a federal initiative where the U.S. Department of
- Description
HUD's Dollar Home program enables Government Agencies may have the opportunity to purchase qualified HUD-owned homes for $1 each after HUD has marketed for 180 days without receiving an adequate bid. HUD's Dollar Homes iniative helps local governments provide housing for low-to-moderate income families and addresses specific community needs.
Eligibility
- Applicant eligibility
Units of local government.
- Beneficiary eligibility
Units of local government and their participants.
- Uses of assistance
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.
- Use restrictions
The program imposes use restrictions on the property itself because HUD conveys the home for $1 to a local government for a public‑benefit purpose. Dollar Homes must be used to foster housing opportunities for low‑ to moderate‑income families and address specific community needs. The property cannot be used for: speculative resale private investment gain unrelated municipal purposes non‑housing commercial development (unless tied to revitalization)
How to apply
- Award procedure
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.
Quick answers
What is Assistance Listing 14.313?
Assistance Listing 14.313 is Dollar Home Sales, a federal grant program run by Assistant Secretary for Housing Federal Housing Commissioner (Department of Housing and Urban Development).
What is the CFDA number for Dollar Home Sales?
Its CFDA number is 14.313: Assistance Listing numbers were called CFDA numbers before 2018.
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