Vacant property at 1614 Sewell Ave. on South Side that the city has priced to sell for $1.
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$1 City selling home sites for low, moderate income families
Vacant property for $1. That’s the price that City Hall is setting to clear out its inventory of home sites and to help cut the future purchase price of the houses to be built on them. This effort also will help finish partially completed developments that have been on hold since the economic recession began in 2008. In a first step, at least 16 lots are being prepared for sale, primarily in Southern Barton Heights. A few lots in Swansboro on South Side and in Newtowne West near Virginia Union University also are part of the sale. The board of the Richmond Redevelopment and Housing Authority, the properties’ nominal owner, helped clear the way by approving the transfer of the properties to the city at its meeting last week.
