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Lafayette commission considers $40,000 contract to study community land trust for affordable housing
Summary
The Lafayette Redevelopment Commission discussed a $40,000 Phase 2 technical-assistance contract with Grounded Solutions Network to assess feasibility, draft a business plan and run site and stakeholder meetings for a potential community land trust to support long-term affordable housing.
The Lafayette Redevelopment Commission on July 24 discussed a proposed $40,000 Phase 2 contract with Grounded Solutions Network to study creating a community land trust aimed at preserving long-term affordable housing.
Dennis (staff member) told commissioners the proposed contract includes three tasks: a feasibility assessment and market analysis, a business plan and sustainability plan, and on-site and virtual meetings with stakeholders. “So, we'll actually create a operations of it, the cost, the budgeting, those kind of things,” Dennis said.
The work would follow an earlier Phase 1 engagement in which Grounded Solutions Network ran two days of…
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