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jmbar2

(6,494 posts)
4. This would be a good Community Land Trust project
Sat Jul 3, 2021, 09:47 AM
Jul 2021

Community Land Trusts seek to protect affordable housing by purchasing housing and taking it out of the speculative market. It is a very important movement.

Recently, lots of mobile home parks have been getting churned by real estate investors seeking to make a quick buck. In doing so, they are displacing many people, and reducing some of the last affordable housing for low income people.

Now, community land trusts are being formed to fund residents to purchase and run the parks themselves. This could also be a possibility for apartment buildings.

Below is a very good introduction to Community Land Trusts

Here is a link for working with Freddie Mac to fund properties for Community Land Trusts
https://sf.freddiemac.com/content/_assets/resources/pdf/fact-sheet/shared_equity.pdf





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