Record #:

28380

Author(s):

Yeoman, Barry

Abstract:

The NC Community Land Trustees are winners of a 1992 Independent Citizen Award. The group has been promoting a new model of home ownership in Durham’s neglected West End neighborhood. The group buys run-down houses and rehabilitates them with volunteer labor and the prospective owners help. Then, using low-interest loans, the new residents buy their homes while the Land trust keeps the title to the land beneath them. When the residents move, they sell their house back to the organization, making home ownership affordable for low-income families.

Source:

Independent Weekly (NoCar Oversize AP 2 .I57 [volumes 13 - 23 on microfilm]), Vol. 10 Issue 48, November 1992, p14

Subject(s):

Community organization; Citizenship awards; Housing programs