February 16, 2015

City of Newark, NJ Sells Vacant Land For $1,000 Per Lot



Ana Rezende got a 25- by 100-foot lot a mile from City Hall for $1,000.
Photo: Stephen Yang

Rezende and Rafael Cura on their newly purchased lot.
Photo: Stephen Yang
[From article]
They have to adhere to strict rules: present architectural plans for a house and close within 90 days, build the home within 18 months and live in it for at least five years.
If they don’t comply, couples lose their deposits

http://nypost.com/2015/02/15/couples-line-up-to-buy-1000-lots-in-newark/

Couples line up to buy $1,000 lots in Newark
New York Post
By Ben Feuerherd and Beckie Strum
February 15, 2015 | 10:44am

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