Urban Homesteading program
E561809
The Urban Homesteading program is a U.S. federal initiative that allowed individuals to acquire vacant, government-owned homes at little or no cost in exchange for rehabilitating and occupying them, aiming to revitalize distressed neighborhoods.
Statements (45)
| Predicate | Object |
|---|---|
| instanceOf |
U.S. federal housing program
ⓘ
urban revitalization initiative ⓘ |
| beneficiary |
distressed urban neighborhoods
ⓘ
individual homebuyers ⓘ low- and moderate-income households ⓘ |
| conditionOfParticipation |
completion of repairs within a specified time
ⓘ
owner-occupancy requirement ⓘ rehabilitation of acquired homes ⓘ |
| costToParticipant | little or no purchase price for homes ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| focusArea |
distressed urban areas
ⓘ
neighborhoods with high vacancy ⓘ |
| goal |
promote homeownership
ⓘ
reduce residential vacancy ⓘ revitalize distressed neighborhoods ⓘ stabilize urban communities ⓘ |
| implementationMechanism |
conveyance of title to qualifying individuals
ⓘ
local government participation ⓘ |
| incentive | acquisition of homes at little or no cost ⓘ |
| intendedEffect |
encourage long-term residency
ⓘ
improve housing stock quality ⓘ increase property values in target neighborhoods ⓘ reduce blight ⓘ |
| legalForm | federal program administered through local entities ⓘ |
| method | transfer of vacant government-owned homes ⓘ |
| operatedBy | U.S. federal government NERFINISHED ⓘ |
| participantObligation |
bring property up to code
ⓘ
maintain the property after rehabilitation ⓘ |
| policyRationale |
reuse idle public assets for community benefit
ⓘ
support affordable homeownership opportunities ⓘ |
| policyType |
neighborhood revitalization policy
ⓘ
reuse of surplus government property ⓘ |
| propertyOwnershipBeforeTransfer | federal government ⓘ |
| propertyType | vacant single-family homes ⓘ |
| relatedConcept |
affordable housing policy
ⓘ
homesteading ⓘ neighborhood stabilization ⓘ urban renewal ⓘ |
| requires |
agreement to occupy the property as a primary residence
ⓘ
investment of sweat equity or financial resources in rehabilitation ⓘ |
| sector | housing ⓘ |
| targetProblem |
neighborhood disinvestment
ⓘ
urban decay ⓘ vacant government-owned housing ⓘ |
| typeOfIncentive | in-kind property transfer ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.