All Gary, Indiana Resident Only ; Get A Home For $1.00 With The Dollar Home Program ; (Read Below Apply ASAP) MAYOR’S DOLLAR HOME PROGRAM What is the Dollar Home Program? Under the Dollar Home Program, a home is awarded by drawing to an eligible participant for one dollar upon the condition that if the home is brought up to city building codes within six months and the participant resides in the home for a period of five years, at the end of that five year period, the participant will receive complete ownership of the home. Who is eligible to participate in the program? To be eligible to participate in the program, you must: 1. be at least eighteen (18) years of age; 2. be a Gary resident for at least six (6) months; 3. NOT be a current homeowner; 4. meet 80% of area median income standards; 5. have at least $1,000 in a savings account; 6. be able to demonstrate that you have the financial ability to rehabilitate a home. What is the process for participating in the program? What are important dates to remember? Persons interested in participating in the program may obtain an application package at the Community Development Department, 839 Broadway, Suite 302 N. Applications will be distributed beginning June 7, 2013. The deadline for submitting applications is July 12, 2013. How many homes are available under the program? 13 Where are the homes located? The University Park neighborhood. Will participants be able to see the properties before they are awarded? How will the properties distributed? All qualified applicants shall participate in an open house to inspect all properties. Each applicant will be allowed to designate three preferences. Participants shall be assigned a number which shall be utilized in a random drawing process. At the drawing, as each participant’s number is drawn, a home shall be awarded to that person from among those previously selected. This process will be followed until all participant numbers are drawn
Posted on: Tue, 25 Jun 2013 04:22:35 +0000
Trending Topics
Recently Viewed Topics
© 2015