Kansas City presses to sell eyesore, vacant homes for a buck
KANSAS CITY, Mo. (AP) — More than 130 derelict, generally unlivable structures are up for sale in Kansas City, Missouri, for less than the cost of a cup of coffee. But those seemingly sweet deals are coming with cautions and a fast-approaching deadline.
The city and the Land Bank of Kansas City are offering the vacant homes for $1 each to those willing to make them livable again within a year.
The buyer's reward is an eventual $8,500 rebate. That's the amount it would have cost the city to flatten the houses.
Applications are due by Friday.
But it's buyer beware. Applicants must undergo a background check and prove they have at least $8,500 to devote to the rehab.
Ultimately, the program's backers warn, rehabbing the properties might cost tens of thousands of dollars.