An L.A. Times investigation reveals that HUD's 10-year-old Dollar Homes program provided little lasting benefit to the intended recipients and significant rewards to investors and contractors.
"More than 2,300 homes have been sold by HUD for $1 each nationwide, with 326 in California. Nearly half of the homes in California were bought by companies or individuals who typically resold them at a much higher price. Only 15% were sold to nonprofit housing groups such as Habitat for Humanity, records show.
The city of San Bernardino bought more Dollar Homes -- 62 -- than any other city or county in the state. But San Bernardino officials could not provide The Times with any account of what happened to the homes after they were sold.
"They went back to the private market, and hopefully they were maintained and kept up," said Carey Jenkins, the housing director of San Bernardino's economic development agency, which oversees the city's Dollar Homes purchases. "And that was pretty much the end of our involvement.""
FULL STORY: HUD's Dollar Homes falls short of mission
The YIGBY Movement: Unlocking Church-Owned Land for Affordable Housing
As the housing crisis deepens, interest in faith-based development is spreading across the country. How do YIGBY zoning laws work, where are they being implemented or introduced, and what could it mean for communities and churches?
What Makes Rent ‘Fair’
Should monthly charges be pegged to the cost of financing, developing, and operating housing, or to household income? Or are there other ways to design how rent is calculated?
Federal Resilience Program a Lifeline for Affordable Housing Providers
The little-known Green and Resilient Retrofit Program funds upgrades and repairs that improve efficiency and comfort in existing housing stock.
San Diego to Rescind Multi-Unit ADU Rule
The city wants to close a loophole that allowed developers to build apartment buildings on single-family lots as ADUs.
Florida Considers Legalizing ADUs
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HUD Announces Plan to Build Housing on Public Lands
The agency will identify federally owned parcels appropriate for housing development and streamline the regulatory process to lease or transfer land to housing authorities and nonprofit developers.
Nightlife and the 15-Minute City
Plans for compact, walkable cities often don’t address nighttime concerns like transportation and lighting, which can make neighborhoods more vibrant and safe around the clock.
Mississippi Aims to Abolish Income Tax — and Replace it With Gas Tax
The new gas tax would fund MDOT and the Strategic Multi-Modal Investments Fund.
Louisville Launches ‘Anti-Displacement Tool’
After a years-long, tenant-led effort, Louisville will use a new tool to analyze whether a proposed housing development can meet a neighborhood’s housing needs and income levels. If it doesn’t, the city won’t subsidize it.
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