Affordable Homes Forever – OPAL Community Land Trust

pm89_150.jpgThis land trust is creating permanently affordable homes amidst increasingly-expensive real estate on beautiful Orcas Island, Washington. Co-founder Michael Sky explains how they provide 99-year leases on the homes built on land trust property. Restrictions limiting the resale value allow owners to sell at a reasonable profit while keeping the homes affordable forever. [www.opalclt.org, www.nationalclt.org]

Comments

  1. These guys have a fantastic idea here, limiting resale value to keep the property affordable after the initial owner sells. All the best hope you can scale this and keep it going.

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