Categories: Kentucky News

Louisville offers $1 homes to draw in developers and buyers

LOUISVILLE, Ky. (FOX 56) — Louisville is hoping to breathe life into the Portland neighborhood with a selection of $1 homes.

On Tuesday, the city held a “Landbank-a-Rama” event in the Portland neighborhood. Inviting interested buyers and developers to visit a few of the properties currently on the market for just $1.

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Louisville’s FOX affiliate, WDRB, said officials hope the effort will revitalize communities currently plagued by abandoned properties.

While the ticket price on these homes is low, they aren’t really $1. Buyers will need to show officials they are serious about investing through an application process.

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More information on the project and a list of available houses can be found online.

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