The Land Bank will soon be helping provide homes for those who are unhoused or atrisk of becoming homeless.
Properties would be sold for $1 provided that the new property owners fully rehabilitate the property, eliminate all blight, and provide housing to the homeless and to individuals who make $18,000 annual income or less, or families who make 30% or less of the federal guide to annual median income.
”This is part of our work to provide long-term and affordable solutions for those experiencing homelessness and those in need of affordable housing,” said City Manager Brian Platt. “This initiative will dramatically increase our affordable housing supply and focuses on the most vulnerable families in our community.
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