Well, maybe they are not free, but they can cost you as little as a few hundred dollars a month. And maybe they are not in good shape, but many of the programs will also offer you a low interest loan to fix-up the house. Some states refer to the program as an Urban Homesteading Act. The idea of the program is that the government gets you a home for next to nothing and you agree to live there for a certain number of years. Minnesota has a program. Baltimore had a very active program for many years. Davenport, Iowa purchases
homes, completely rehabs them, and then offers the houses in a lottery each May. You must get a mortgage, but your monthly payments are under $400 a month for a completely rebuilt house! There are some states, like Alaska, that still offer wilderness land for homesteading.
Because the houses are so cheap, there is usually a lottery for eligible buyers. Contact your city government, your county government and your local community development office to learn about local programs. You can also contact your state housing office.
Income Eligibility: None
If you have trouble finding your local community development agency, the following organizations may be able to help. These organizations do not have funds, but may be able to help you locate local agencies.
Get free training, free help for all types of free government programs, including grants charities
in the money club.
Need help Finding a government money program that meets your needs? Let Matthew Lesko show you how to use the free services inside the Government Money Club. Watch the video below to see how easy it can be to get started.
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