[REGIONAL NEWS] Denver communities putting more faith in land trusts amid affordable housing crisis

From Lowry, to Loveland, to GES, the model for-sale houses on leased land is being looked to as a crisis response

By Joe Rubino | The Denver Post

As a nationwide affordable housing crisis continues to inflict pain on renters and would-be homebuyers across the Centennial State, a tool that gets little public attention has emerged as a key means to get more people into homes they can afford.

This tool also helps stabilize neighborhoods struggling to deal with increased property values and an influx of new money.

For 15 years, land trusts have been quietly helping people buy homes in Denver’s Lowry, Cole and Speer neighborhoods through the nonprofit Colorado Community Land Trust.

Land trusts, typically 501c3 nonprofit organizations, work like this: They buy and refurbish homes or bring on developers to build homes on land they own. They then sell those homes to income-qualified buyers (usually making 80 percent or less of the area median income) at deep discounts. That’s according to Jane Harrington, the longtime executive director of the land trust.

READ ON:

James King, left, and LaDios Muhammad in their home, a Colorado Community Land Trust affordable home in northeast Denver on July 03, 2019. /Andy Cross/The Denver Post
Share this!

Additional Articles

Top master-planned communities for 2024

By AZ Big Media Here are the Top 10 master-planned communities in Arizona, based on public voting for the 2024 edition of Ranking Arizona, the state’s biggest and most comprehensive business opinion poll. Ranking Arizona

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.