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Last chance to pick up home in Gary for a buck

This home 3573 Lincoln St. is one 13 thwill be offered Gary's new dollar home program. Applications for program are

This home at 3573 Lincoln St. is one of 13 that will be offered in Gary's new dollar home program. Applications for the program are due Friday at the Community Development Department, 839 Broadway. | Carole Carlson~Sun-Times Media

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Gary’s dollar home program

Applications due Friday

Where: Community Developement Department, 839 Broadway Suite 302 N.

Requirements

Gary residency

18 years old

Not a homeowner

Meet 80 percent of median income standards

Have $1,000 in savings

Have resources to renovate home

Updated: August 12, 2013 11:45AM



GARY — With the Friday application deadline approaching for a chance to snag a house for a dollar, city officials hope they receive enough applicants who are financially able to renovate the dozen well-worn properties in the University Park area near Indiana University Northwest.

Community Development Department Director Arlene Colvin said about 300 applications have been distributed for the homes included in the program unveiled in May.

“I think people are hungry to purchase properties and they also thought they were getting a good deal for the money,” she said.

The dollar home program has captured the attention of the news media, spreading the word on Chicago news shows and in local newspapers.

Mayor Karen Freeman-Wilson is a big supporter of the dollar home program and is hoping it will help turn around her housing-ravaged city. Freeman-Wilson bought her first home in the 800 block of Fillmore in a similar dollar home program about 25 years ago.

This time, the homes are owned by the city and are in need of major work. A home in the 3500 block of Lincoln Street had a tarp covering its roof on Wednesday, weeds in its gutters, siding peeling off and an overgrown lawn.

The new homeowners must bring the property up to city code within six months, pay its taxes and insure it.

Applicants must be Gary residents, and not homeowners. They must have $1,000 in savings, meet 80 percent of area median income standards and agree to live in the home.

A single prospective homeowner should have an income of $35,250 to qualify. Two people would need an income of $40,350.

Participants must be at least 18, have lived in Gary for six months, not own a home, meet 80 percent of area median income standards, have at least $1,000 in a savings account and agree to bring the home up to city code standards within six months.

Colvin said Community Development workers will visit the properties to make sure the requirements are met.

Applications must be submitted to the Community Development Department, 839 Broadway, by Friday.

Colvin said once her staff begins sifting through the applications, many won’t have met the requirements. Each eligible applicant will select three homes and Colvin said the city will hold a lottery in early September to determine the winners. After the drawing, the new homeowners can take possession of their house.



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