Milwaukee CLT homes in Lindsay Heights featured in Journal-Sentinel and Yahoo News
The Milwaukee Community Land Trust (MCLT) is ramping up its work to create a new supply of quality, owner-occupied, affordable houses in the city.
The organization, with development partner VIA CDC, unveiled four newly-renovated houses Wednesday in the Lindsay Heights neighborhood…“We get these homes down to the studs and we build them back up, transforming them into affordable, safe and quality homes for income-qualifying families,” said VIA executive director JoAnna Bautch…VIA’s partnership with MCLT allows the community development corporation to make the house affordable beyond just the initial sale. “We could not have made permanent affordability without the Milwaukee Community Land Trust,” said Bautch…
Davis thanked the Department of City Development and Alderman Russell W. Stamper, II for their support. “Their vision and commitment to affordable housing solutions have paved the way for the success we celebrate today,” he said.
Read the full story at Urban Milwaukee
The Community Land Trust is a nonprofit organization that works with local developers, philanthropies and city agencies to acquire homes and sell them below market rate.
The effort is to increase the pool of affordable homes and homeownership opportunities for people of color. In Milwaukee, only 27% of Blacks own their homes, compared to 37.5% of Hispanics and 55.8% of whites, according to a 2021 Wisconsin Policy Forum report.