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Dollar Home Sales

Published on AidPage by IDILOGIC on Jun 24, 2005

How to apply...

Application Procedure:

Properties are made available to local governments on a weekly basis with new properties being added as they reach at least six months of marketing exposure. The properties remain available exclusively for purchase by local governments for 10 calendar days. A form HUD-9548, Sales Contract, must be received within this period of time for consideration for the $1 plus closing costs sale.

Note: Each program will indicate whether applications are to be submitted to the Federal headquarters, regional or local office, or to a State or local government office.

Award Procedure:

Submission of form HUD-9548, Sales Contract.

Note: Grant payments may be made by a letter of credit, advance by Treasury check, or reimbursement by Treasury check. Awards may be made by the headquarters office directly to the applicant, an agency field office, a regional office, or by an authorized county office. The assistance may pass through the initial applicant for further distribution by intermediate level applicants to groups or individuals in the private sector.