Newark Holds First Round of Lottery for $1 Houses

A program aimed at boosting local homeownership offers city residents entry into a lottery to purchase city-owned properties for $1.

1 minute read

February 2, 2024, 5:00 AM PST

By Mary Hammon


Aerial view of Newwark, New Jersey at sunset with river in foreground.

Christopher Boswell / Adobe Stock

City officials in Newark, New Jersey, raffled off seven city-owned properties for just one dollar on Monday, January 29 — the first round of a program looking to boost homeownership among existing city residents, reports Eyewitness News, ABC7NY. Newark has one of the lowest percentages of homeownership of any major American city.

To qualify for the “Home Ownership Revitalization Program,” potential buyers must have lived in the city for at least five years or be residents displaced by gentrification. They must also commit to living in the properties for at least 10 years and undergo homebuyer counseling with the Neighborhood Assistance Corp of America (NACA), which provides low interest mortgages to help people become homeowners.

The properties, which were seized by the city for non-payment and public debts, are dilapidated and will require extensive repairs. City officials hope the new owners will rehabilitate them into multifamily homes.

“"It's more than affordable homeownership," said Bruce Marks of the NACA, the article reports. "It's neighborhood stabilization.”

Wednesday, January 31, 2024 in ABC7 Eyewitness News

Aerial view of New York City architecture with augmented reality visualization, blue digital holograms over buildings and skyscrapers

4 Ways to Use AI in Urban Planning and City Design

With the ability to predict trends, engage citizens, enhance resource allocation, and guide decision-making, artificial intelligence has the potential to serve as planners’ very own multi-tool.

February 20, 2024 - ArchDaily

View from shore of Sepulveda Basin water catchment basin with marsh plants along shore.

LA’s ‘Spongy’ Infrastructure Captured Almost 9 Billion Gallons of Water

The city is turning away from stormwater management practices that shuttle water to the ocean, building infrastructure that collects and directs it underground instead.

February 25, 2024 - Wired

"It's The Climate" sign over street in Grants Pass, Oregon.

Oregon Town Seeks Funding for Ambitious Resilience Plan

Like other rural communities, Grants Pass is eager to access federal funding aimed at sustainability initiatives, but faces challenges when it comes to meeting grant requirements.

February 18, 2024 - The Daily Yonder

Front view of stone home with severe tornado damage and portions of roof ripped off.

10 States Where Insurance Costs Impact Housing Affordability

Insurance companies are responding to the increasing frequency and intensity of severe weather events caused by climate change by raising home insurance premiums in high-risk states, adding another hurdle to housing affordability in the U.S.

5 hours ago - Fox Business

View of small pedestrian bridge in Prescott Preserve Palm Springs, California with palm tree oasis and mountains in background.

Rewilding the Golf Course

How former golf courses are being transformed from manicured lawns to vibrant habitats.

6 hours ago - The New York Times

Red Los Angeles Fire Department fire truck parked on pier in San Pedro, California at Port of Los Angeles.

Safe Streets Ballot Measure Runs Into Unexpected Opposition

Los Angeles's Measure HLA would compel the city to make serious upgrades for walking, biking, and other forms of active transportation, all in the name of saving lives. Its biggest opponent: the firefighters union.

7 hours ago - California Planning & Development Report

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.