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Local nonprofits report millions in housing investment, urge role in new community land trust
Summary
Four Des Moines housing nonprofits told the City Council work session they jointly delivered affordable-home construction, homeowner repairs and lending that leveraged city dollars to expand impact and that Home Inc. will staff early operations of a new community land trust.
Four local nonprofit housing organizations briefed the City Council work session on Jan. 27 about recent activity in home construction, homeowner repair and lending programs and asked the city to continue partnering to expand affordable housing in Des Moines.
The presentation opened with Lance Henning of Greater Des Moines Habitat for Humanity describing the four organizations — Habitat, Home Inc., Neighborhood Finance Corporation (NFC) and Rebuilding Together Greater Des Moines — as “ready and willing” to scale their work if opportunities exist.
The groups framed their remarks around two themes: the scale of recent investment and how layered public and nonprofit funding has allowed low- and moderate-income households to obtain or stay in homes. Carrie Worterman, executive director of Home Inc., said Home Inc. has built 86 new homes since 1992 for households below 80% of area median income and in the last five years directed about $5,600,000 toward new affordable housing development. Worterman illustrated the services with a client story: “Lindsey was a section 8…
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