
| Powerful Ideas, Practical Actions |
June 2012 |
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Cheaper Together: How Neighbors Invest in Community

How to keep rent affordable and homeownership in reach.

When housing is a commodity—bought and sold for profit—it’s nearly inevitable that people of modest means get priced out of the market. But that’s not the only way to own land. Read how a grassroots organization formed a community land trust (CLT) to build affordable homes in a rapidly gentrifying Albuquerque neighborhood. They’ve transformed 27 acres of vacant land into a thriving community, with the land trust ensuring affordable housing for future generations. It’s not a unique situation—there are 260 CLTs in the United States.
And the CLT model isn’t the only way to move real estate out of private, profit hungry hands. New York City has 30,000 units of affordable housing owned as co-ops. An apartment complex in Washington, D.C., has affordable housing in a block where condominiums sell for half a million dollars.
It takes time, dedication, and start-up money to make these projects work. But the process builds community, and it fosters democratic, community-based control of land and housing. And it’s happening across the country.
READ MORE ...
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Homes That Survived the Crash

Wall Street players used home finance to make megaprofits for the 1 percent—and millions of people lost their homes. Time to clean up the mess.

The key to a stable housing market? Keeping it local. Local financing, local ownership, local materials, and—most of all—connection to place. It’s a big change from the isolation of many suburbs. Once we make it, we’ll really be home.
READ MORE ...
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