We have found that land attainment and purchase can be some of the most expensive costs for new affordable housing. In our research, we came across the concept of a community-land trust where the home itself is owned by the occupant but the land underneath is governed by a nonprofit board.
What are some additional alternative models to overcome major expenses in land attainment and purchase?
Do you have any experience or insight into these arrangements?
What are some of the factors that limit the usage of these alternatives?