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Verde Valley land trust unveils plan for 45 affordable homes, asks cities for support
Summary
The Verde Valley Community Development Organization outlined a regional housing strategy and a community land-trust model — including a recent 14‑acre donation intended for about 45 single‑family homes — and asked municipal leaders for financial and policy support.
Mary Chicoine, executive director of the Verde Valley Community Development Organization, told the Sedona City Council on Jan. 13 that the regional group has created a housing advisory committee, a developable‑land GIS layer and a new Verde Valley Community Land Trust (VVCLT) after securing a 14‑acre land donation intended to support roughly 45 single‑family homes.
Chicoine said the VVCLT will use a two‑part model: a nonprofit ground lease that keeps land in trust in perpetuity and a shared‑equity arrangement that limits homeowner upside to protect long‑term affordability. “A part of the shared equity is the homeowner will only get…
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