Story of Impact from Minnesota’s Housing Scorecard, Feb. 2020:
Housing Goal Four – Increase Home Stability
The City of Lakes Community Land Trust has developed an innovative “Sustained Legacy” program that provides funding for families experiencing life transitions. The program offers funds to finance home repairs or other emergency expenses in exchange for moving a portion of the home’s equity into the Land Trust, thereby establishing a vehicle for the long-term affordability of the property while also avoiding a situation where homeowners might be displaced or potentially left homeless.
