
10/16/2024
The program is open to individuals, nonprofits and developers. Under the program, the city sells vacant homes and lots it owns to individuals and community groups for $1, with prices rising to $3,000 for developers. Applicants must show they have $90,000 available for renovations, they must renovate the property within a year and, for individual buyers, they must live in the property for another five.
The 459 city residents who applied by June 30 were part of a priority application and review period during which their applications were considered while others were set aside. Those others included 942 applicants who are not Baltimore residents. Of those, 365 are Maryland residents, 570 are from outside the state and seven are from outside the country.
The first phase of a Baltimore program that aims to resurrect vacant homes by selling them to prospective homeowners for $1 drew applications from 459 city residents - only 11 of whom ended up qualifying.