A new program is making city-owned properties available for just $500 in an effort to clean up the blight of vacant and abandoned lots.Mayor Greg Fischer announced the new program Friday called Cut it, Keep It.Buyers must live on the same block as the lot, must maintain it and have to pay the property taxes.Two more new programs were also announced. Last Looks makes city-owned houses scheduled for demolition available to buy 60 days before they are torn down.The new Flex Rate no longer requires buyers to line up renovation money before they purchase. "If you live in a neighborhood where there's a vacant or abandoned property, it's bad on property values, No. 1, it can look bad if it's not kept up, No. 3, it can be a haven for criminal activity. Nobody deserves to live in a neighborhood like this. This program is going to help eliminate those properties," Fischer said.For more information, call the City's Landbank Authority at 502-574-4200.

A new program is making city-owned properties available for just $500 in an effort to clean up the blight of vacant and abandoned lots.

Mayor Greg Fischer announced the new program Friday called Cut it, Keep It.


Buyers must live on the same block as the lot, must maintain it and have to pay the property taxes.

Two more new programs were also announced. Last Looks makes city-owned houses scheduled for demolition available to buy 60 days before they are torn down.

The new Flex Rate no longer requires buyers to line up renovation money before they purchase.

"If you live in a neighborhood where there's a vacant or abandoned property, it's bad on property values, No. 1, it can look bad if it's not kept up, No. 3, it can be a haven for criminal activity. Nobody deserves to live in a neighborhood like this. This program is going to help eliminate those properties," Fischer said.



For more information, call the City's Landbank Authority at 502-574-4200.