Norfolk begins selling vacant land through online auctions – The Virginian-Pilot

NORFOLK — Vacant lots scattered across the city are finally being sold to homebuilders and residents more than a decade after many were seized due to unpaid taxes.

City Council has approved the sale of the first eight vacant city-owned lots through the new Online auction of vacant properties at Tuesday’s meeting. And others are coming. Between 10 and 20 lots will be auctioned quarterly.

“It has been preparing for two years to set up this auction process. And I think it’s a wonderful opportunity for our residents,” Councilor Courtney Doyle said. ” It’s very well done. It’s the first time we’ve gotten out of the parachute. We will have many more to come. »

There were 13 properties listed in the inaugural auction. Several lots received no bids.

Of the eight lots sold, six went to businesses, including construction companies, and two were sold to individuals.

All lots went to the highest bidder, but that’s not always the case.

City officials created the auction with rules that give the city council the power to reject a high bid if it doesn’t meet the city’s affordable housing goals. A city spokesperson said in May that these rules could prevent “one person or large entities from buying the entire property.”

The city has 1,014 vacant lots, 680 of which are zoned for residential use, officials said.

The auction aims to rebuild neighborhoods with lots of vacant land, create more affordable housing options, and increase the participation of women- and minority-owned small businesses in home construction.

Daniel Berti, [email protected]

Comments are closed.