A program in Newark is looking to add more local homeowners by selling houses for just one dollar.
The properties have all been seized by the city for non-payment of taxes, bills, or other public debts.
"Across America, LLCs are buying up owner-occupied homes and turning them into corporately owned expensive rental units," Newark Mayor Ras Baraka said. "In Newark, where we work hard to expand homeownership, we have created a wide-ranging strategy to do everything possible to counter this dangerous trend. The Homeownership Revitalization Program is a new way to enable longtime Newark residents to become homeowners at costs that they can afford.
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