Own A Home in Gary for $1

Abandoned homes in Gary, IN (photo: Lotzman Katzman)

Abandoned homes in Gary, IN (photo: Lotzman Katzman)

“We’re getting these people to contribute as taxpayers. They can be part of the group that moves out, or they can be part of the group that invests.”
Gary, Indiana , Mayor Karen Freeman-Wilson, whose struggling city has an estimated 10,000 abandoned homes–a third of its dwellings–and has launched a program to sell some of them for $1 apiece to people who meet a minimum income threshold and demonstrate the financial ability to bring the properties up to code within six months, and who will receive full ownership only after living in the homes for five years… more at New York Times

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