Land Trusts and Affordable Housing

Below is a link to an article in today’s Globe and Mail’s real estate section called “A speculation-free zone.”

The article shows how land trusts in Vancouver are combining the equity of co-ops and non-profits, along with land from municipalities at low-cost, to create the financing needed for new affordable housing.

As I show in my book, The New Urban Agenda, the lack of affordable housing in the GTHA has developed into a serious crisis. Thousands of families and individuals are suffering because they cannot afford good housing.

Government is reluctant to provide the needed funds. Maybe land trusts, equity from co-ops and some help from municipalities is the way to do it.

http://www.theglobeandmail.com/real-estate/vancouver/how-community-land-trusts-could-help-build-affordable-vancouverhousing/article34026679/

One thought on “Land Trusts and Affordable Housing

Leave a Reply

Your email address will not be published. Required fields are marked *