Minneapolis homestead program offers one-dollar houses

Grants | Legacy Digitization | Topics | Politics | Business & Industry |
December 2, 1974
Dulcie Lawrence - Reporter, Warren Ditch - Interviewee
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Warren Ditch, Minneapolis Homestead Coordinator, talks about a new Minneapolis homestead program offering selected houses for one dollar. Buyers will be chosen by lottery. The city has a low-interest loan program to help with costs of renovation, with rates from 4, 6 and 8 percent depending on homeowner income. Homesteaders must complete renovations and bring the house up to code within a certain time period and occupy it for three years.

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