Des Moines city government is evaluating whether to help create a Community Land Trust (CLT), Neighborhood Services director Chris Johansen said.
Des Moines city government is evaluating whether to help create a Community Land Trust , Neighborhood Services director Chris Johansen tells Axios.: It would launch an "affordable forever" home network that advocates contend can help poor families overcome ownership barriers.
Des Moines metro governments allocate millions of dollars each year on low-income housing initiatives that frequently lose affordability when ownership changes hands.: Homes would be owner occupied but the land they sit on would be held by the trust. Low-income families would purchase the homes at a discount but could only resell them at a restricted price to other low-income buyers.: Representatives from nonprofit groups, 10 metro cities and two Polk County Supervisors participated last month in a CLT conference organized byOne attendee offered land for the first CLT in the county, AMOS said in a statement.A presentation to the city council is likely in coming months, Johansen said.
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