Evanston has an affordability problem – community land trusts can help

From Duncan Agnew / Evanston RoundTable: Through a land trust, Community Partners in Affordable Housing sells homes to buyers at a fixed cost while maintaining ownership of the land they’re built on, allowing those who wouldn’t otherwise be able to afford market-rate housing to become homeowners. Some of the homes are even built by high school students enrolled in a local Geometry in Construction program.

Read the original story here.

Issue Areas:

Community Wealth Building, Housing, Land Trust, Poverty Reduction Measures

Impact Areas:

Creating New Economic Paradigms, Distributed Trust and Power, Equity

Actors:

K-12 Education, Nonprofit / NGO

Communities Served:

Communities Experiencing Economic Hardship

Strategies:

Easing Economic Burdens for Individuals

Success Factors:

Eliminating Barriers, Empowering People, Expanding Access, Leveling the Playing Field, Meeting People Where They Are At, Using Creative Financing

Geographic Region:

North America

Countries:

United States

Date:

September 20, 2023

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