Neighborhood Vision 2025
Reduce Housing Stress
Stable, affordable housing is a key social determinant of health. MidTown must continue to be a home for residents and families of all backgrounds. Addressing long term affordability and displacement issues will require a multi-faceted approach to expand paths to purchase and homeownership. Financing, programming, and assistance are needed to reduce the stress often felt by local families in trying to maintain their homes or remain in the community as real estate prices fluctuate.
Reduce Housing Stress
Action
Allow and Encourage a Variety of Models to Promote Homeownership
Explore a range of options to promote paths to purchase and homeownership and permanent affordability for local residents, including: Community-controlled land or development - Community Land Trust or Limited-Equity Housing Co-ops (LEHCs); Rent-to-Own Models; Limited Equity Co-ops.
Near-Term Actions
Research applicability/feasibility of LEHC or lease-purchase models or limited equity co-ops
Type of Action
Planning & Research
Looking For
Developers & Property Owners
11A
