Also, the city still has a version of the $1 program. The cost to buy may be more than $1, but people can still buy property at a dramatically reduced rate. I looked into it, but found it lacking. The Fed Hill program had all the homes in a condensed and somewhat geographically blocked off neighborhood, so new"homeowners had good belief that their neighbors would also be able to support their home and the neighborhood. The current project is for homes sprinkled throughout the city. I decided to buy in a good (but not pricey) neighborhood with no abandoned homes. Having neighbors that could take care of their homes was important to me. I didn't want to make a bad investment and find myself underwater because my street tanked.