How some low-income buyers can afford a home in pricey Seattle

A tree, barn and house are situated near each other

From Josh Cohen / CrossCut: In Seattle, Homestead Community Land Trust and Habitat for Humanity Seattle-King County help low-income residents buy homes using a community land trust model. Residents who make under 80% of the local median income can purchase a home at a rate far below the median home price in the city from a set portfolio of homes.

Click here to read the original story.

Read other stories covering property rights.

More Resources:

From Candice Helfand-Rogers / The Story Exchange: In Jackson, Mississippi, the nonprofit-run Magnolia Mother’s Trust is a guaranteed income program providing a no-strings-attached monthly stipend of $1,000 to Black mothers living in affordable housing to help them combat poverty. Click...

Steve King is the Executive Director of the Oakland Community Land Trust, a nonprofit organization dedicated to removing land, housing, and other community-serving real estate assets from the speculative market and stewarding them with, and for the permanent benefit of,...

Matthew Prewitt is RadicalxChange Foundation’s president, a writer and blockchain industry advisor, and a former plaintiff’s side antitrust and consumer class action litigator and federal law clerk. Prewitt spoke with Ashley Hopkinson on January 25, 2024. Click here to read the...

From Erica Sweeny / Next City: The Denver-based Triple Bottom Line Foundation funds projects to retrofit low-income, multi-family properties that house underserved groups. The projects include energy-efficiency upgrades, solar power installations, and weatherization upgrades among others. Click here to read...

From Meaghan Tobin and Márvio Dos Anjos / Rest of World: Mumbuca is a digital currency used in Maricà’s basic income program. Residents, with few eligibility requirements, can qualify for a monthly stipend to purchase goods and services using a...

From Marjolein Koster, Ties Gijzel / Reasons to Be Cheerful: A randomly selected group of lucky Germans are reaping the benefits of a guaranteed monthly income. An organization raffles off a year’s worth of guaranteed monthly income, allowing recipients to...

We use cookies to improve your experience on our website. By continuing to browse, you agree to our use of cookies. For more details, please see our Privacy Policy.