The mayor of New Jersey's capital city wants to sell vacant properties for as little as $1.
Yes, there is a catch.
Buyers would have to pledge to not only fix them up, but commit to using it as their primary residence for 10 years.
The concept is among several announced Tuesday by Trenton Mayor Eric Jackson to try to deal with the estimated 6,300 vacant properties in the city.
That is nearly one-fourth of the properties in the city, something that officials believe is a major blight.
First-time buyers would have to show that they have enough money to rehabilitate the property and they would have to promise to make it their main home for at least 10 years.
Other measures proposed by Jackson include a new fee that would make owners of vacant properties pay more to the city for maintaining them.
