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NorthStar Neighbors seeks county funding to speed community land-trust builds; cabinet recommends $520,000
Summary
NorthStar Neighbors described a community land trust model and its recent Minnesota Housing awards; Beltrami County Housing Trust Fund cabinet recommended $300,000 for two homes and $220,000 for eight homes, drawing questions from commissioners about allocation strategy.
Corey Bushey, executive director of NorthStar Neighbors and a Northwest Minnesota Foundation staffer, told Beltrami County commissioners the nonprofit is using a community land trust (CLT) model to create perpetual affordability by retaining land ownership and subsidizing home purchase prices for first-time buyers.
Bushey said the organization applied for nonprofit status in 2023, received nearly $2 million in grant awards and over $1 million in loans from Minnesota Housing and partners, and has completed two builds and sales with additional homes under construction in Thief River Falls and Red Lake Falls, with work underway in Roseau and planned in East Grand Forks.
Explaining the CLT mechanism, Bushey said the trust preserves affordability by retaining the land and providing an upfront subsidy. He described the common Minnesota resale formula: “The standard CLT…
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