In a time where housing prices are through the roof, and eviction moratoriums dominate the headlines, different approaches to homeownership could pave the way for a brighter housing future.
The folks at the Atlanta Land Trust are using a model they believe can be implemented nationally to create affordable housing — permanently.
Here’s how it works: The land trust acquires the land and maintains permanent ownership. The home on the property is sold to low-income residents at an affordable price, and they lease the underlying land from the trust.
When the homeowner is ready to sell, they must agree to a resale-restricted, affordable price.
The goal here is to “create homes that are affordable for generations of families over time,” Executive Director Amanda Rhein told SaportaReport.