Posted on 03/27/2024 6:07:46 AM PDT by dynachrome
Baltimore, Maryland, city officials approved a program that would sell city-owned vacant homes for next to nothing at $1 for some applicable residents.
According to the Department of Housing and Community Development (DHCD), the Fixed Pricing Program was created to combat the more than 13,500 homes in Baltimore that are vacant.
City officials said Tuesday that just over 200 homes are currently in the program.
According to the DHCD, the homes would only be sold to individuals who are willing to invest their money in fixing the dilapidated homes.
Applicants must provide proof that they have at least $90,000 to complete a renovation, as well as pass through an application vetting process.
Interested parties can apply beginning April 1.
(Excerpt) Read more at foxbusiness.com ...
Baltimore? That’s about as appealing as owning a home in Memphis. Which, is to say, it’s the waste of $1.
Awwww, that’s so sweet, Baltimore? What’s next? Maybe offer me a commercial retail space for $1 and proof that I can fund a local convenience store to solve your food desert problem? Maybe you have a bridge you can throw in, for another buck? Oops, did I say “bridge”? I’m so sorry!
They did this when William Donald Schaefer was mayor (the only Democrat I’ve ever had any respect for) and the program was very successful. But that was a different time and a different political climate.
Anyone with enough money to renovate has enough money to move away from Baltimore.
This is a good indicator of areas NEVER to move anywhere NEAR.
One-thousand alien invaders with $90 each can cover the dollar asset requirement.
Move ‘em in.
April Fool!
Thirty or forty years ago this was happening and they called it Urban Homesteading. I think it led to some good gentrification of some formerly terrible areas.
I was 18 in 1972 when I escaped the obvious awful government of Michigan in general and Detroit in particular.
I can hardly believe anyone still lives there.
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