Pennsylvania Town “Gives Away” Homes To Attract Investment

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Pennsylvania Town “Gives Away” Homes To Attract Investment

In an attempt to reverse decades of economic decay and attract investment, a city outside Pittsburgh is dangling a major incentive on its vacant homes. Monessen Mayor Matt Shorraw said his administration will wipe out back taxes on properties if a new owner commits to cleaning them up and renovating, according to the Wall Street Journal. The Pennsylvania city has so far managed to find owners — about half of whom are investors — for