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Committee presses options for community land trust after consultant outlines large subsidy gaps
Summary
At a Feb. 27 Health, Education & Welfare Committee meeting, consultant Michael Brown told members that donated land alone would not be sufficient to make homes affordable in Skagway; the committee discussed tiered targeting, occupancy rules and next steps to draft home-buyer selection criteria.
Michael Brown, a presenter with experience standing up community land trusts, told the Skagway Health, Education & Welfare Committee on Feb. 27 that the feasibility of a community land trust (CLT) for Skagway hinges on two things: assembling enough upfront subsidy to create initial affordability, and securing the long-term capacity to operate the CLT. "The feasibility of the community land trust really comes down to kind of two primary driving issues," Brown said.
Brown walked the committee through the spreadsheet included in the meeting packet, using local assumptions such as an improved-lot value of about $115,000 and modeled development costs. He told…
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