Saturday, April 13, 2013

Community land trusts offer affordable housing choices

An army of contractors has been busy for weeks fixing up an aging home on West Galveston Street in central Chandler. They’re replacing energy-inefficient windows, bringing the electrical system up to standards and expanding a tiny bathroom in the 60-year-old house.

It is not the work of some out-of-state investor hoping to flip the property for profit.

It will be added to a growing pool of affordable housing in Chandler made possible through a community land trust. The trust is a way cities can increase their housing stock while ensuring that some homes remain affordable.

Newtown Community Development Corp., a Tempe non-profit, operates land trusts in Chandler, Glendale, Scottsdale and Tempe.

 Read more:  Community land trusts offer affordable housing choices

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