Neighborhood Revitalization project, the Launch of the One-Dollar Homeownership Program.
In a bold initiative aimed at revitalizing neighborhoods and bolstering community engagement. The City of Philadelphia is excited to announce the launch of the One-Dollar Homeownership Program. This innovative program will allow residents to purchase selected city-owned properties for just $1, unlocking opportunities for community-driven development and investment. The One-Dollar Homeownership Program is designed to address the challenges of vacant and dilapidated properties in our neighborhoods. By selling these homes at an unprecedented price, the city aims to encourage residents to invest in their communities, foster pride in homeownership, and stimulate local economies.
Affordable Homeownership making Eligible residents acquire homes for only $1, making the dream of homeownership accessible to a broader demographic. Participants will be required to invest time and resources into renovating and maintaining the properties, contributing to neighborhood revitalization efforts. The City will provide resources and guidance, including access to low-interest loans and partnerships with local contractors, to assist homeowners in their renovation projects. The program promotes sustainable practices, encouraging the use of environmentally friendly materials and energy-efficient upgrades in home renovations.
Mayor Cherelle Parker stated, “The One-Dollar Homeownership Program aligns with our commitment to creating vibrant and inclusive neighborhoods. By empowering residents to take ownership of their communities, we’re not just selling homes we’re investing in the future of Philly.”
For more details and updates about the One-Dollar Homeownership Program, please visit [ https://www.naca.com/ ].
YOU GOT A DOLLAR BUY BUY BUY, BEFORE BIG COMPANIES START BUYING AND TURNING THEM INTO PARTMENTS.
Philly News 