After searching for homes and talking in person to the people at HUD about foreclosures and recovery, I learned a few things. HUD Secretary Donovan Announces 2.1 Million in New Grants for Seven Homeless Programs in Arizona. Grants are to assist the situationally homeless and not chronically homeless. Grants are administered by the states through local progams.
Here is the link for Arizona resources. If you live in another state just click on this link to find information.
WHAT DOES $1 BUY YOU IN HOUSING????
HUD has many programs such as the Good Neighbor program designed to help firefighters, teachers and other public service workers substantial discounts in housing. We are talking 50% discounts. There are also discounts for Hurricane Evacuees. Programs exist for Indian (section 134), Aids, and for Public Housing residents. In addition each state has programs available such as the information found on HUD's Arizona homeownership page. There is also the new EHLP program but it is not taking applications. But the program that seems the most exciting is the $1.00 program.
Hang onto your hats it is not as good as it sounds. After a cursory reading on the program I determined to find some homes that fit the criteria. If you are low income, and can find a home that has sat on HUD's site for over 6 months, it appeared that you could buy it for $1.00. I can no longer find that wording and have included the official wording found today on the HUD website, at the end of this posting.
After talking to HUD officials it seems that only government agencies such as the city of Phoenix or the counties or states can buy these homes for $1.00. The government then rehabs the homes and sells them on the market. Yup government helping the low income again (not).
Here is the information if you are wanting to learn about this program and address your local administrators. The wording might make you think it is available to homeowners for $1.00 but the revisions clarify a bit that only governmental agencies can buy these $1.00 homes.
Recovery Act Grants: