01/17/2014 12:12 pm ET Updated Jan 25, 2014

Mayor Proposes Selling Humboldt Park Lots For $1 For Affordable Homes

DNAinfo/Victoria Johnson

HUMBOLDT PARK — Under a measure proposed to the City Council this week, six empty Humboldt Park lots would be sold to a developer for $1 apiece so affordable homes could be built on them.

According to a release from the Mayor's Press Office, the proposal would see the city-owned lots — collectively appraised at $316,000 — sold to L&MC Investments LLC, which would build homes on them to sell at $199,000 each.

Read more on DNAinfo Chicago