Several communities in the Des Moines metro have approved funding for a new initiative to bring down the cost of homeownership.
The project follows a model called a community land trust. The trust is a nonprofit that owns land and sells the houses that sit on the land at a significant discount. A community land trust helps make homeownership more affordable for low-income families and keeps those homes permanently affordable.
Once fully up and running, the project will be Iowa’s only active community land trust. It will join around 300 others nationwide…