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Skagway committee hears feasibility analysis for community land trust to preserve affordable housing
Summary
Consultant Michael Brown presented how a community land trust (CLT) would preserve long‑term housing affordability and showed subsidy scenarios: serving households at 80% of median income could require roughly $245,000 per unit in this example, while higher income targets need less subsidy. The committee paused decisions and scheduled more study and public engagement.
A consultant told the Skagway Municipality Health, Education and Welfare Committee on Jan. 23 that a community land trust could preserve permanently affordable homes in the borough but that early choices about who the trust should serve will determine how many homes can be produced.
Michael Brown, a presenter working with the committee, laid out the CLT model and walked members through cost and subsidy scenarios using a hypothetical $515,000 manufactured home. He said the CLT would retain ownership of land under a long ground lease to limit resale prices and ensure affordability for successive buyers.
"Community land trusts take a very different approach," Brown said. "They control the resale price…
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