ST. LOUIS • In St. Louis, you can buy a house for $1. Terms and conditions apply.
Developers and residents can find out more about the program at 6:30 p.m. Tuesday at a free informational meeting at Harris-Stowe State University in the main auditorium of the Henry Givens building, 3026 Laclede Ave.
The property must be a single family residence less than 1,500 square feet that has been owned by the city's Land Reutilization Authority for at least five years.
The deal is offered on certain LRA properties as a part of a pilot program. Alderman John Collins-Muhammad pushed for the legislation to start the pilot program.
Collins-Muhammad became interested after seeing the success of similar programs in Kansas City, Baltimore and Cleveland. He hopes the program will spur investment in St. Louis neighborhoods overwhelmed by vacant properties.
“North St. Louis did not get like this in this condition overnight so we are not going to change it overnight," Collins-Muhammad told FOX 2 in June.