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Pensacola Habitat outlines new community land trust, shared-equity model and building goals
Summary
Pensacola Habitat for Humanity presented the Northwest Florida Community Land Trust to the Affordable Housing Advisory Committee, describing a shared-equity model that separates land from structures, rental pilot serving five families, plans to acquire 23 lots and build 10 CLT homes, and financing from ARPA, SHIP and grants.
At a meeting of the Affordable Housing Advisory Committee, Pensacola Habitat for Humanity representatives presented the Northwest Florida Community Land Trust and described how the shared-equity model will be used to expand affordable homeownership and rentals in the Pensacola area.
Kim Wilson, who introduced the affiliate’s work, said Habitat has operated in the area since 1981 and that the land trust formally launched on Jan. 30, 2022. "Our vision is a world where everyone has a decent place to live," Wilson said, describing the CLT as a vehicle to move people out of long-term renting into homeownership while preserving long-term affordability.
Alicia Papa, director of real estate assets for Pensacola Habitat, explained the mechanics: the CLT retains ownership of…
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