Newark Launches $1 Home Ownership Program

A new initiative in Newark starts this Monday, offering houses for just one dollar.

These houses were taken over by the city because their previous owners didn’t pay taxes or other debts.

To be eligible for this “Home Ownership Revitalization Program,” you need to have lived in Newark for at least five years, or be a resident forced to move because of rising living costs.

Program in Newark selling houses for one dollar:

People selected through a lottery must agree to live in these homes for at least 10 years.

The Neighborhood Assistance Corporation of America (NACA) is working with the city on this program.

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NACA helps people buy homes with low-interest loans and assists those struggling financially to keep their homes.

The lottery to choose participants will take place at 10 a.m. Monday in the Newark City Hall Municipal Council Chamber.

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