by Maggie Walker CLT | Jun 5, 2017 | News
A community land trust doesn’t sound particularly exciting, but it will have far more lasting consequences for the Richmond area than the latest flap over “covfefe” or a D-list comic’s publicity stunt. Church Hill soon will be home to the first house built and sold...
by Maggie Walker CLT | Jun 2, 2017 | News
A new-to-Richmond approach to facilitating homeownership while adding to the city’s housing stock is beginning to take shape in North Church Hill. The nonprofit Maggie Walker Community Land Trust celebrated the groundbreaking of its first single-family home at a...
by Maggie Walker CLT | Jun 2, 2017 | News
Richmond’s Church Hill neighborhood is home base for the area’s first Maggie Walker Community Land Trust house for workforce housing. “The purpose of a land trust is to create affordable housing in perpetuity,” Laura Lafayette, chairwoman of the Maggie Walker...
by Maggie Walker CLT | Jul 25, 2016 | News
The land trust, a nonprofit created in November, would acquire properties from the city and in turn would enter into a 99-year lease with property owners. The trust would own the land, but homeowners would own the structures. Trust officials say that makes the housing...
by Maggie Walker CLT | Jul 24, 2016 | News
With a growing number of real estate tax delinquencies in Richmond, the city could soon turn to a new nonprofit organization to help convert the properties into affordable housing. www.richmond.com
