Posted by Nate(DC) on October 29, 2003 at 22:06:59:
The city probably isn’t about to sell them; in fact, it probably is forbidden from selling them to anyone but a low income owner-occupant, in accordance with the terms of the program under which it bought the houses for $1.
How could the city do it? HUD will sell properties to a city for $1 under certain circumstances.
Why? Perhaps the city wants to fix them up for low income people to live in. Maybe the city will give them to nonprofits who will renovate them. Or maybe the city is going to tear them down and build something else there. I don’t know, why don’t you ask the city!