For years, industrial sites that once fueled the city’s economy have sat idle and deteriorating in and around residential areas. Now, the brownfields are presenting an opportunity for residents to re-invent their neighborhoods.
The mistake about the toilet price ($235 not $800) reflects a bias in the article towards making it sound like this building project is fiscally wasteful. Buried until the end is the reference to the Land Trust arrangement -- the buyer gets a subsidized price but can net a windfall when they sell it. "They also can’t be planning to sell the house later for its full market value. Under Community Land Trust rules, owners must agree to sell the house back to CLT for only a slight profit based on work done on the house. CLT will then sell the house to a new applicant."
Posted on July 4 at 2:53 a.m. (Suggest removal)
I meant "the buyer gets a subsidized price but can't net a windfall when they sell it.
On Low-income homes green — and affordable