News

Richmond’s CLT/Land Bank: First in the Nation

[cmsms_row][cmsms_column data_width="1/1"][cmsms_text]          Last week, Richmond City Council designated the Maggie Walker Community Land Trust to serve as the City of Richmond's land bank. This is the first combined CLT/land bank in the nation. The designation was...

Keeping Homes Within Reach

[cmsms_row][cmsms_column data_width="1/1"][cmsms_text] On a gray December morning, Chanel stood in front of her new house in Church Hill, the keys to her home held proudly in her hand. Not only was buying her first home a milestone for her, but the occasion also...

A ‘Game Changer’ for Homeowners

The Maggie Walker Community Land Trust breaks ground on the first of four houses in Church Hill. Church Hill resident and homeowner Freda Bolling says that because of rising costs in housing, the rent for her former apartment is now higher than her current mortgage...

New housing model lands in Church Hill

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...

A look at the Maggie Walker Community Land Trust

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...

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