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$1 Property for 1 year

Philadelphia offered dilapidated and abandoned for $1. New owners had one year to start construction.

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By offering an essentially free house, the city provided incentive for contractors, skilled laborers and first time buyers. The terms, starting construction within the first year of ownership, assured that the rehabilitation would start promptly.

The program also motivated young architecture students to work on a building and learn hands-on while improving a neighborhood.

In cities with abandoned buildings, and ones that have potential to be be restored to their former glory, an incentive program to restore them could build back neighborhoods and keep the sense of place that is associated with the city.

Plus, when you rehab a building your self, the pride and sense of ownership is much greater than moving into a development. 

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DeletedUser

Nice concept. Is any web page where to know more about it?
Thank you,
Irune

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