Community land trusts: A model for all markets?
Date Published: 01/27/2010
Author: Jeff Corey, Executive Director of Northern Communities Land Trust
Shelterforce Fall/Winter 2009 issue features the collaboration of Duluth LISC's "At Home in Duluth" program with the Northern Communities Land Trust, which has helped build and rehabilitate hundreds of homes in Duluth's neighborhoods. It has helped stabilize neighborhoods at risk of blight and may provide a model for stabilizing neighborhoods experiencing high rates of foreclosure.
Excerpt:
In the past decade, community land trusts and other shared equity housing models have gained wider acknowledgement and acceptance as a means of creating and preserving affordable housing in communities with high property values. But by cultivating the long-term success of homeowners, these models are also bringing revitalization and stability to areas with weak markets and high foreclosures.
> Download the full Shelterforce article (PDF, 755 KB)
> Visit the Duluth LISC website
> Visit the Northern Communities Land Trust website
Topic: --Affordable Housing Preservation
Type: Trade Article