[Ord. No. 4754, 1-5-2023[1]]
A.
The Dollar Home Program is established to allow the City to purchase substandard housing units and offer them for sale in the City at a depressed market price. The purpose of this program is to rehabilitate substandard housing units which are having an adverse impact upon our residential neighborhoods and to resell the units to owner-occupants providing an increase in new affordable housing stock that will address the housing and neighborhood stabilization recommendation of the comprehensive plan.
B.
The City of Berkeley Dollar Home Program will positively impact the community by enabling the City to repurpose and utilize its land assets to progressively build a resilient and sustainable community through home ownership. In order to increase home ownership, facilitate family self-sufficiency through asset building and establish permanency and pride within the City, it is necessary to stabilize neighborhoods through the rehabilitation of single-family houses and to develop infill lots with newly constructed homes. The City will have increased affordable housing stock through the improvement of residential structures or the construction of new homes on vacant lots.