OOOOO. Another opportunity to plug the community land trust... PennBroKeith writes of the Ace Hardware house move numbers that seem to require $50K in subsidy per house:
> Nice plan, but is it >sustainable? > The homes were slated to go into the emerging Minneapolis Community Land Trust, at which point that $50K subsidy would not have helped just the first low-income family buy a home of their own, but it would have helped all future buyers as well. I do not think it is sustainable for us to spend $50K to get each low and moderate income family into homeownership (in fact, that number goes up with each passing year, as home prices continue to go up faster than people's incomes). But using a CLT, the $50Kput in up front keeps the house affordable into perpetuity. Cara Letofsky Seward _______________________________________ Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
