Want to buy a house for $1? Newark holds housing lottery for city-owned properties

Program participants must commit to live in the properties for a minimum of 10 years.

News 12 Staff

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Jan 29, 2024, 5:40 PM

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Updated 262 days ago

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Newark held its first housing lottery Monday for the sale of city-owned properties.

The homes up for grabs have been seized for non-payment of taxes, water bills and other public debts.

Program participants must commit to live in the properties for a minimum of 10 years. They will also be eligible for a city-sanctioned mortgage program that requires no down payment, no fees and no closing costs – regardless of credit score.

Residents can learn how to apply or get more information by calling NACA Newark at 973-679-2601 or CLICK HERE to access the Homeownership Revitalization Program FAQ.

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