Polk County ponders a new affordable housing model
BPC Staff Sep 22, 2022 | 3:31 pm
<1 min read time92 wordsAll Latest News, Iowa News, Law & Government, Real Estate & Development
Axios Des Moines: Homes would remain “affordable forever” under an idea being discussed among Polk County officials to buy and permanently own land used for low-income housing. Advocates contend that creating a community land trust could help end a cycle where a home loses its affordability when ownership changes hands. Low-income families would buy a home in the program at a discounted price but lease the land that it sits on. The occupants would agree that when they sell the home, it would be at a restricted price to another low-income family.
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