LOUISVILLE, Ky. — Last year, the Louisville Landbank Authority launched the “Landbank-A-Rama” program, selling vacant and abandoned homes for just $1.
What You Need To Know
- Louisville’s “Landbank-A-Rama” sells vacant homes for $1 to spur rehab
- Buyers must submit construction plans, proof of funds and an end use
- “Save the Structure” buyers must rehab within a year and cannot demolish
- Unsold homes can shift to a $1 “Demo for Deed” program for demolition
“We had an amazing turnout,” said Tia Bowman, executive director of the Office of Housing and Community Development, as she reflected on the event.
As the program progresses into 2026, “Landbank-A-Rama/Save the Structure” applications remain open. They must include construction plans, proof of funds and intended end use. The properties are highly distressed with a high development cost…