CBS Evening News for Sunday, Mar 07, 1976
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(Studio) Chicago homes to be awarded as part of urban homesteading program. Report on Baltimore's program.
REPORTER: Bob Schieffer
(Baltimore, Maryland) 300 abandoned dwellings rescued by urban homesteaders who paid $1 for house Various owners featured. [Voice of George KING - explains house 's condition when they moved in. ] [Paula KING - says feels more comfortable in old house ] Local high school classes visit area. Sociologists study project. Owners can borrow $17,400 at 6% to fix up hses. Buyers must live in house for 2 years; don't have to pay taxes for 2 years [KING - felt good to hang door right. Will take 1 1/2 years to fix up house completely.] [P. KING - estimates 5 years for fixup.]
REPORTER: Gary Shepard
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