#Repost @blackenterprise (@get_repost)
In order to revitalize distressed neighborhoods in Maryland, council members and local community advocates are pushing for a government program that would sell thousands of vacant buildings in Baltimore for $1 each. In turn, buyers would have to promise to refurbish and live in the properties for a certain period of time.⠀
According to a bill adopted by the Baltimore City Council last month, the program would revitalize “marginal neighborhoods by matching construction ability at the grass roots of Baltimore to production of affordable housing for workers’ families and neighbors.” 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.⠀
Now, advocates want to restore the program to curb the city’s blight epidemic and prevent more homes from becoming vacant. The program would create construction jobs, say advocates.
**As a Realtor here in Baltimore, I’d love to get as many families as possible on board with this program. DM me your email address to be the first to know when and if this program goes into effect!