Land banks and community land trusts (#CLTs) share a common mission: transforming vacant, abandoned, and tax-delinquent (#VAD) properties into opportunities for community revitalization. Yet, they differ significantly in structure and approach. The synergy between these entities is evident in partnerships like Franklin County’s land bank and its wholly-owned CLT subsidiary. Bricker Graydon attorneys Darby Dooley and Jeffry Harris discuss this and more: https://ow.ly/6Qnv50Ue4wR #EconomicDevelopment #LandBanks #Ohio
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The?Jamaica Plain Neighborhood Development Corporation has received a mix of public, private and grant financing for the development of Cheney Homes, a 48-unit affordable senior housing community in Boston. https://lnkd.in/ePufEwGg
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#TeamLHC went to Moss Bluff today to break ground on the Parkway Commons. LHC contributed to the funding of Parkway Commons. The project received $10.5M in Multifamily Revenue Bonds, $611,573 in Low Income Housing Tax Credits, and Community Development Block Grant Disaster Recovery Financing Gap Loan funds of $8,624,212. https://bit.ly/42yuikv
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Cities will play an outsized role in solving America's housing crisis. In New Orleans, Enterprise Community Partners and a coalition of housing advocates advanced a ballot measure that will dedicate a consistent and sustained 2% of the city's budget to building and preserving affordable housing. ?? https://lnkd.in/eQzjHNWr
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Governor Hochul's?2025 State of the State?outlined bold initiatives to tackle the housing crisis for New Yorkers, including: ? $100M Pro-Housing Supply Fund to boost infrastructure in communities supporting housing growth ? New Revolving Loan Fund to spur mixed-income rental development across the state ? 50,000 Affordable Homes Built as part of the state's historic $25B housing plan ? New grant funding to offer technical assistance to communities seeking to foster housing growth and associated municipal development ? Streamlined regulations to expedite new home construction while maintaining environmental safeguards HGAR is working alongside our elected officials to advocate for pro-housing policies that benefit homeowners, buyers, and renters across NYC and the Hudson Valley. Read more at https://lnkd.in/etRgXttM Vlora Sejdi Crystal Hawkins Syska Leah Caro Lynda Fernandez, RCE, CAE #fairhousing #realestate #community #affordablehousing #newyorkstate #stateofthestate
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The Impact of Bank-Owned Homes on Community Futures Bank-owned homes can significantly influence property values and community well-being. We explore how these properties affect local taxes, school funding, and the sense of belonging, highlighting the importance of managing these challenges to uplift and strengthen communities. #BankOwnedHomes #CommunityImpact #PropertyValues #RealEstate #LocalEconomy #SchoolFunding #CommunityWellbeing #HousingMarket #UrbanDevelopment #SocialResponsibility
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#ICYMI: We published our latest Policy Focus Report, “Preserving Affordable Homeownership: Municipal Partnerships with Community Land Trusts,” nine days ago. Looking for a quick primer on Community Land Trusts before you dive in? Report coauthor John Emmeus Davis of the International Center for Community Land Trusts has you covered ?? Download the report: https://lnkd.in/eFyGbN7H
"Preserving Affordable Homeownership" PFR Teaser
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A much-needed report on CLT partnerships with local governments, a very promising strategy for growth of VSCLT in the future!
#ICYMI: We published our latest Policy Focus Report, “Preserving Affordable Homeownership: Municipal Partnerships with Community Land Trusts,” nine days ago. Looking for a quick primer on Community Land Trusts before you dive in? Report coauthor John Emmeus Davis of the International Center for Community Land Trusts has you covered ?? Download the report: https://lnkd.in/eFyGbN7H
"Preserving Affordable Homeownership" PFR Teaser
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The Impact of Bank-Owned Homes on Community Futures Bank-owned homes can significantly influence property values and community well-being. We explore how these properties affect local taxes, school funding, and the sense of belonging, highlighting the importance of managing these challenges to uplift and strengthen communities. #BankOwnedHomes #CommunityImpact #PropertyValues #RealEstate #LocalEconomy #SchoolFunding #CommunityWellbeing #HousingMarket #UrbanDevelopment #SocialResponsibility
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Rochdale Capital is pleased to announce that it has been awarded a Technical Assistance Grant from the U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund. The grant will enable Rochdale Capital to strengthen its operations, improve its financial resources, and expand its impact in under-resourced communities, specifically communities of color. Read more: https://hubs.ly/Q02Zmns40
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Great discussion on manufactured housing at the NCST (National Community Stabilization Trust) 2024 Homeownership Policy Summit. Panelist are tackling stigmas that lead to #zoning barriers, options to expand consumer financing options through Freddie Mac (Erin Persons)/ Fannie Mae, and highlighting how these homes are safe, affordable options to address the #housingshortage. Great job Ramsey Cohen, Stacey Epperson of Next Step, and Lesli Gooch at MHI.
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