browneyedgirl65 + housing   39

Time to consider the middle ground of housing - Opinion - The Boston Globe
A nonprofit entity forms what’s called a community land trust, which operates by selling homes — but not the land underneath them — at a manageable price to families with low or moderate incomes. If they later decide to sell their home, a cap on resale profit keeps the price low to remain affordable to a new family of similar means.

The approach brings stability to the wild swings that can be characteristic in housing markets. Foreclosures are virtually nonexistent at one of the most successful trusts in the country, right here in Boston — the Dudley Street Neighborhood Initiative in Roxbury, this fall celebrating its 30th anniversary.
housing  options  wallstreetgreed 
november 2014 by browneyedgirl65

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