Housing Resources Bainbridge

Filing Period

Jan 1, 2011 to Dec 31, 2011

Signed

Nov 5, 2012

Return Version

2011v1.2

Gross Receipts

$2,204,906

Mission

Major Activities

Activity 2

In 2011, The Housing Resources Board (HRB) started building homes for sale using the community land trust (CLT) model. A Community Land Trust (CLT) is a nonprofit organization that acquires land by purchase or donation, develops affordable housing on the land, and holds the land in trust to provide affordable housing for future generations. The CLT sells homes developed on the land at below market prices to qualified individuals and leases the land to the purchaser with a long-term, renewable lease. HRB staff attends the annual NW CLT Conference, the annual Housing Washington Conference, and the annual National CLT Conference to receive training, make connections, and get the latest information on the CLT model. Through donations, grants, and fundraising efforts, HRB completed one development, The Sparrows, which consists of 2 modular units combined with existing rental units to form a condominium community. One unit was rented and the other unit was rented with the agreement to sale the unit in 2012. HRB also broke ground and completed 3 sales agreements for Ferncliff (phase 1), which will include 24 single-family homes using the CLT model. HRB continues to look for other development opportunities to provide affordable housing on Bainbridge Island.

Filer

EIN

95-0068013