Affordable housing inventory may start to tick up with a new program in Jacksonville.
Mayor Lenny Curry announced the launch of the Jacksonville Community Land Trust and its inaugural board of directors during a press conference Thursday morning.
The trust is meant to help facilitate homeownership for families in lower-income brackets. Curry called homeownership a “critical building block to generational wealth” in his introduction and said the launch has been a year in the making.
Community land trust strategies can be implemented differently depending on market conditions, housing needs and funding.
