Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Baltimore sells $1 houses in effort to combat vacant home crisis By: FOX Business March 26, 2024 at 21:09 PM EDT City officials in Baltimore approved a program that would sell vacant homes for just $1 to people willing to renovate the dilapidated homes. 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.AMERICANS ARE MAKING A MASS EXODUS FROM BIG CITIES ACCORDING TO CENSUS BUREAU DATAApplicants 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.US HOMEBUILDER SENTIMENT UNEXPECTEDLY RISES TO HIGHEST LEVEL SINCE JULYThe applicants will be vetted by the funds they have available for rehabilitation, their criminal history and if they have any open federal or state liens or judgments.Officials said that the city would prioritize city residents by giving them a 90-day window for priority buying. Developers would have to pay $3,000 per home, and so would large nonprofits with 51 or more employees. GET FOX BUSINESS ON THE GO BY CLICKING HERENonprofits with fewer employees could pay $1,000.Fox News has reached out to Mayor Brandon Scott for comment. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Baltimore sells $1 houses in effort to combat vacant home crisis By: FOX Business March 26, 2024 at 21:09 PM EDT City officials in Baltimore approved a program that would sell vacant homes for just $1 to people willing to renovate the dilapidated homes. 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.AMERICANS ARE MAKING A MASS EXODUS FROM BIG CITIES ACCORDING TO CENSUS BUREAU DATAApplicants 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.US HOMEBUILDER SENTIMENT UNEXPECTEDLY RISES TO HIGHEST LEVEL SINCE JULYThe applicants will be vetted by the funds they have available for rehabilitation, their criminal history and if they have any open federal or state liens or judgments.Officials said that the city would prioritize city residents by giving them a 90-day window for priority buying. Developers would have to pay $3,000 per home, and so would large nonprofits with 51 or more employees. GET FOX BUSINESS ON THE GO BY CLICKING HERENonprofits with fewer employees could pay $1,000.Fox News has reached out to Mayor Brandon Scott for comment.