St. Louis, MO priced delinquent properties to move with Dollar House Pilot Program
St. Louis, MO Dollar House Pilot Program
Complete
The one-year pilot sought to improve properties owned by the city's Land Reutilization Authority (LRA) due to tax delinquency. LRA owns approximately 500 properties that qualified for the program. A qualifying buyer paid $1 US for the property and $333 US in fees. The program required the buyer to renovate the property within four months of purchase and be the primary occupant for three years.
Economic DevelopmentLand Use Planning / DevelopmentLow-income HousingPilot / POCAffordable Housing2021 Readers Choice
Links
Room for Improvement
Four property sales were completed during the pilot. City officials attributed the lack of sales to local economic conditions, property conditions at the time of purchase, and occupancy requirements.
More from St. Louis
Related Projects
🚫 To join the discussion, sign up. It's free!