Dollar House Pilot Program
Pilot Program to return tax delinquent lands to effective utilization.
The Land Reutilization Authority (LRA) was created by state statute, with the task of returning tax-delinquent lands to effective utilization in order to provide housing, new jobs, and industry for the citizens of the City of St. Louis. The LRA is always seeking new ways to sell more of the buildings that it owns.
The LRA Commission has authorized a one year pilot program to sell single family residential properties owned by the Land Reutilization Authority of the City of St. Louis for $1.00, subject to certain requirements.
Identify an Eligible Building
- The building must be a single family residential property
- Must be less than 1,800 square feet
- Must have entered the LRA inventory prior to 2017
- Search eligible LRA owned properties
Inspection and Offer ProcessThe prospective buyer will inspect the property and prepare a plan and a budget.
- The prospective buyer will inspect the property and prepare a plan and a budget.
- All renovations to the electrical, plumbing, and HVAC systems must be done according to city code, and inspected by the Building Division of the City of St. Louis
- Make an offer on the property. Call Real Estate Receptionist at 314-657-3721 to make an appointment (required). A $25.00 non -refundable application fee must be paid at appointment time, and you must provide the information referenced on the Offer Checklist. (Checklist available from the Real Estate Receptionist)
- Your application to purchase a property under the Dollar House Pilot Program will be reviewed by staff to determine if your application meets the program requirements.
- Staff will provide a recommendation to the LRA Commission at the monthly commission meeting, held the last Wednesday of the month.
- If your application is approved by the Board of Commissioners, you will receive instruction for closing on the approved property.
Prior to Closing
- Buyers must obtain Title Insurance prior to closing. LRA staff can order the insurance for you upon receipt of $250.00. Title Insurance ensures that there are no prior liens or judgments against the property.
- Buyer will submit plans and budget to LRA staff for approval
- At closing (transfer of title) buyer will sign a Quit Claim Deed
- Buyer will need to bring a check for recording fees.
- Buyers will sign a Quit Claim Deed to LRA at the closing, which will be held until an occupancy permit is issued and the three years residency requirement has been met
Under this Program, the Purchaser will pay:
- Processing Fee - $25.00
- Title Insurance - $250.00
- Recording Fees - $58.00
What to Expect
- Buyers will be required to stabilize the home in accordance with the codes of the City of St. Louis, Missouri.
- Buyers will have up to 18 months to renovate the property to city code and obtain an occupancy permit.
- Buyers will be required to own and occupy the property for at least three years after obtaining the occupancy permit.
- If buyer does not fulfill the occupancy permit and residency requirement, property will revert back to the LRA.
Land Reutilization Authority
1520 Market St., Suite 2000
St. Louis, Mo 63103
8:30 A.M. - 4:30 P.M.