Community Land Trusts maybe a way towards debt-free Foundation Housing

A friend mentioned an organization in Marin County: Community Land Trust Association of West Marin that was set up to buy or get bequests of housing and use it for those that work in the area.  The problem is that local workers can not afford to live in west marin because the house prices have risen so much.

I have written to them to find out how they select people that live in their houses.   But this is close to the Foundation Housing idea outlined talked about here.   It is also encouraging that their tax filings show a all-volunteer management (I found the salaries in family foundations to be often over $100k and even over $400k).

Anyone know of any other projects where foundations own housing to benefit workers?  I am specifically interested in public benefit workers, but looking for examples.

Thank you!

 

 

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One Response to Community Land Trusts maybe a way towards debt-free Foundation Housing

  1. Susan Peterson says:

    Brewster-
    Our conversation on this subject last weekend at Art’s really got me thinking. I came across this this am:

    http://observer.com/2013/03/weapons-of-mass-construction-satmars-secret-to-keeping-housing-prices-low/

    Not exactly what you were talking about, but interesting in regards to the hurdles to get over and that they are having success.

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