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City-supported community land trust model recommended to preserve long-term affordable homeownership
Summary
An advisory committee recommended forming a community land trust, to be called the Green Bay Housing Partnership, as a program of NeighborWorks Green Bay with a 2% fixed-rate resale formula to keep homes affordable for successive income‑qualified buyers.
Consultants and an advisory committee recommended the city-supported creation of a community land trust (CLT) program to preserve permanently affordable homeownership in Green Bay and proposed operating it as the Green Bay Housing Partnership under NeighborWorks Green Bay.
Jeffrey Washburn, the consultant who led the advisory committee, told the Redevelopment Authority the group met since November and settled on a governance and resale approach intended to be durable under different market scenarios. He said the committee is…
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