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Waunakee CDA discusses down-payment assistance and community land trust options; schedules data and visioning work
Summary
CDA members discussed down-payment assistance program designs, lender concerns, and community land trust (CLT) models and agreed to a November data review and to develop a vision before pursuing partnerships or program launches.
Members of the Waunakee Community Development Authority discussed design options for a down-payment assistance program and whether to pursue a community land trust (CLT) or partner with an existing CLT.
Staff presented program models from Eagle County, Waukesha County and Madison and outlined repayment structures, including deferred repayment until sale to preserve bankability for borrowers. "Another model is that instead of, you know, a regular…
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