What Is HUD’s Dollar Home Program?

Published On: April 24, 2019|Categories: Blog, Buyers, Home Buyers, Jasper IN Homes for Sale, Jasper IN Real Estate, Mortgages, Neighborhoods, Real Estate, Things to Do, Tips, Life Hacks & How-to|Tags: Dubois County, HUD, HUD Dollar Homes Program|

Have you ever heard about the HUD Dollar Home Program? The United States Department of Housing and Urban Development is a Cabinet department in the Executive branch of the US government. HUD sponsors many programs. One of them is the Dollar Home Program. FHA homes that have been foreclosed upon and failed to sell after six months on the market are offered to local governments for just $1. This program lets communities choose ways to revitalize neighborhoods. The improved single family homes are then resold to low-to-moderate income families within the community. The availability of houses changes all of the time due to the nature of the program. You can check the HUD website to see if there are any Dollar Home Program properties in Dubois County.

This program helps local governments foster chances for families on a tight budget to become homeowners. The $1 pricetag to the local governments makes it possible for the local government to fix up a distressed house. After making repairs, these homes are sold at a generous discount. In all, it also helps out the community by eliminating empty homes, attracting new residents, attracting new businesses and fostering growth in the neighborhood. When homes are repaired, the value of the homes in the whole neighborhood increases, the community becomes safer and everyone benefits over having the home sit empty.

Are You Ready to Move to the Area?

If you’re interested in moving to a community near Jasper, Indiana, check out our listings. Become familiar with the area. Before you start shopping for a home in Indiana, it’s a good idea to explore areas you might like to live in — that way you can get a feel for what properties are available and how much you’ll need to spend. We’ll help you find homes for sale in the most beautiful parts of Indiana.

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