Dollar Homes to Local Governments Program allows local governments to purchase properties that have been on the market for more than six months to purchase them for $1.

HUD's Dollar Homes initiative allows local governments to purchase qualified HUD-owned homes for $1 each to create housing for families in need and to benefit neighborhoods.

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 non-profit 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.

For detailed program information on HUD's Dollar Homes, read the Office of Housing Notice.