The dream of a lifetime -- a four-bedroom, three-bath house for $10 -- will not materialize. A Columbia-based group canceled its American Dream Home raffle yesterday.
The nonprofit Affordable Housing Alliance Inc. will refund 100 percent of the cost of each raffle ticket, group officials said.
Scheduled to take place Sunday, the raffle was canceled because less than 40 percent of the $225,000 cost of the raffle had been raised through ticket sales and contributions, group officials said.
Raffle proceeds were to be used to help the nonprofit group build a subdivision of 20 leased homes in Catonsville for low- and moderate-income families who may eventually buy the homes. The home that was to be raffled was built in Columbia's Long Reach village.
The housing alliance prepares families and individuals for homeownership through education workshops, home buying and credit counseling. The group also provides loans and grants and helps homeowners who are in danger of losing their homes.
Pub Date: 9/24/96
