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“Invest Newark” program aims to revitalize abandoned homes for new ownership

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“Invest Newark” program aims to revitalize abandoned homes for new ownership

March 2, 2021
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“Invest Newark” program aims to revitalize abandoned homes for new ownership
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NEWARK, New Jersey (WABC) — A new program has made it its mission to revitalize old, abandoned homes in Newark so that it can be sold to residents within the community.

If you’ve ever stopped to look closely at nearly century old homes, remnants of their past splendor can grab your eye.

In Newark, the city is helping revive old, abandoned homes for new homeownership.

“Newark was ready. We are the first Land Bank in the entire state of New Jersey launching today. It gives us an opportunity to attack blight,” Newark Mayor Ras Baraka said.

Newark Land Bank has been acquiring these homes, and under its “Invest Newark” program, will be getting them ready for affordable housing sales — not to rent, but to buy, with one program available for Newark residents only.

“Newarkers feel like with the growth and resurgence in Newark, they are not left out of opportunities to purchase a property in…

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