Baltimore May Sell Homes for $1 to Revive Neglected Neighborhoods – Black Enterprise

[Vacant buildings, 400 block of Park Avenue (west side), Baltimore, MD (Photo Credit: Flickr/Eli Pousson)]

The idea is modeled after the 1973 “Dollar House” program, which sold rundown, city-owned houses for $1 and helped revitalize ravaged neighborhoods in the city throughout the 1980s. The original program also granted buyers low-interest loans to rehabilitate the properties as long as they lived in the homes for a certain amount of time.

Source: Baltimore May Sell Homes for $1 to Revive Neglected Neighborhoods – Black Enterprise