In the latest effort to spur investment in blighted areas of one of the city’s poorest neighborhoods, Chicago plans to sell several hundred properties for the price of a candy bar.
As part of the Green and Healthy Chicago Neighborhoods initiative approved by the Chicago Plan Commission Thursday, the specific Large Lots pilot program will allow qualifying residents and nonprofits to buy city-owned vacant lots for $1 in the Englewood neighborhood on the South Side.
“It’s designed to move vacant properties out of the city’s hands and into private ownership,” Mayor Rahm Emanuel said in a statement. “People can use the land to expand the yards around their homes, to create gardens on their block, or for beautification, housing, or for other purposes.”
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