The Dollar Home Program is an integral part of the City of Gary’s bold initiative to eliminate blight in Gary neighborhoods.One aspect of this elimination is rehabilitating vacant City-Owned houses.
The City of Gary’s Dollar Home Program currently has eight (8) homes for sale. The respective homes on the list will be available to purchase for one dollar ($1.00) with the following stipulation: ALL APPLICANTS MUST REHABILITATE THE HOME WITHIN ONE YEAR AND OCCUPY THE HOME FOR FIVE (5) YEARS. In addition, all applicants must have a minimum annual income of $38,750.00 per individual.
There are 11 homes for sale as part of the City of Gary’s Dollar Home Program.
Applicant must have a minimum income of $35,250 a year for one person:
- Within 180 Days: Fix the code violations on the exterior of the structure.
- Within 365 Days: Bring the home up to habitable standards.
- Agree to live in the home for five years before receiving full ownership.
Residents who are interested in purchasing a home from the Dollar Home Program should contact the Community Development Department and complete an Application and Individual Offer Form.
A $25 non-refundable application fee will be charged.
Applicants must provide proof of sufficient funding to devote to the rehabilitation. This could be a bank statement, unused credit card limit, gift letter or proof of a sufficient income if the applicant is going to pay for the repairs over time.
The Community Development Housing Staff will review applications for the Dollar Home Sale in July. All properties are sold as-is. Approved applicants will have to provide a credit report as well.