US Cities Offer Cash Incentives, Homes to Attract Residents Amid Population Decline
US Cities Offer Cash Incentives, Homes to Attract Residents Amid Population Decline

US Cities Offer Cash Incentives, Homes to Attract Residents Amid Population Decline

News summary

Several U.S. towns are offering financial incentives to attract new residents, especially in smaller metros and rural areas facing population decline, such as Newton, Iowa, and regions in West Virginia. Tulsa, Oklahoma's Tulsa Remote program has successfully attracted over 3,800 remote workers by offering up to $10,000 and coworking memberships, generating significant economic returns for the city. Belleville, Kansas, provides up to $35,000 in grants to those willing to build homes, demonstrating efforts to grow small populations. Additionally, some college towns have become more affordable for students through home buying, which can be cheaper than dorm or rental costs and may allow families to build equity during college years. Cities like Baltimore and Claremont offer unique housing incentives, including homes for $1 or downpayment assistance, aiming to make homeownership more accessible amid rising real estate prices. These initiatives reflect creative strategies across America to boost local economies and address housing affordability challenges.

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