This Small Town in Minnesota Is Giving Away Free Land

[Desperado]

I cannot take advantage of this offer but maybe someone here can.
Here’s how the program works: If you commit to building a home in the city’s Homestake subdivision and meet certain requirements, you can get a free, 86′ x 133′ plot of land (about a quarter of an acre) to build it on. So far, seven of the original 27 lots now have homes on them. The program began in 2004, and though it slowed during the housing crisis, things are picking up again.

New Richland, Minn. Is Giving Away Free Land.

 

[Pete7469]

 

[TheGreatGatsby]

Didn't read the details. I'm guessing you still have to build a house at X cost in Y time, right?

 

[Preacher]

Didn't read the details. I'm guessing you still have to build a house at X cost in Y time, right?

Yes within a year BUT some lenders will allow you to use the deed to the land as the downpayment for the loan to build a house. I just emailed them for some more information.

 

[Moonglow]

I wouldn't do it in town.

 

[Rustic]

Progressive indoctrination... Fuck that village

 

[percysunshine]

An eighth acre of farm land worth about $500. They will get that back when you use their builder.

 

[Moonglow]

One must look at the demographics of the area. If one needs to earn a living is it possible there living in town?

 

[TheGreatGatsby]

Didn't read the details. I'm guessing you still have to build a house at X cost in Y time, right?

Yes within a year BUT some lenders will allow you to use the deed to the land as the downpayment for the loan to build a house. I just emailed them for some more information.

Cool. Let me know whatever you find out; I may be interested.

 

[TheGreatGatsby]

An eighth acre of farm land worth about $500. They will get that back when you use their builder.

Eighth of an acre? That's a lot; wouldn't be surprised if that sells for $150K in some years.

 

[Checkerboard Strangler]

One must look at the demographics of the area. If one needs to earn a living is it possible there living in town?

Owatonna, Fairibault and Mankato are all within commuting distance so yes, I'd have to say it's entirely possible to make a living even if you're not doing it right in town.

 

[Checkerboard Strangler]

Ooops, forgot about Waseca, also not very far away.
Yup, sounds like a very good deal as long as they don't place too many restrictions on the KIND of home you want to build. But that remains to be seen.
Does anyone have more info on how that works?
Do you HAVE to use "their builders?"

 

[Manonthestreet]

If you need to disappear its probably ideal

 

[Checkerboard Strangler]

Personally I would much rather get a place around Broadway and Division..."in town" so to speak but that's just me.

 

[eagle1462010]

Sorry........kinda stuck where I'm out..........these weird creatures keep us from leaving.

 

[Checkerboard Strangler]

If you need to disappear its probably ideal

If we were to sell the house we have here in Whittier CA right now, we'd be able to buy a home there for CASH, fully paid off, and still have a ton of dough left over.
Never going to happen though, we like our home too much.

 

[Manonthestreet]

If you need to disappear its probably ideal

If we were to sell the house we have here in Whittier CA right now, we'd be able to buy a home there for CASH, fully paid off, and still have a ton of dough left over.
Never going to happen though, we like our home too much.

Yeah.....so.....its nowhereville USA

 

[jon_berzerk]

I cannot take advantage of this offer but maybe someone here can.
Here’s how the program works: If you commit to building a home in the city’s Homestake subdivision and meet certain requirements, you can get a free, 86′ x 133′ plot of land (about a quarter of an acre) to build it on. So far, seven of the original 27 lots now have homes on them. The program began in 2004, and though it slowed during the housing crisis, things are picking up again.

New Richland, Minn. Is Giving Away Free Land.

my niece lives there a nice little town on the grow

 

[Rustic]

The neighbors are going to most likely be progressives, so fuck that