Housing Resources Bainbridge

Filing Period

Jan 1, 2012 to Dec 31, 2012

Signed

Oct 30, 2013

Return Version

2012v2.1

Gross Receipts

$3,504,404

Mission

Major Activities

Activity 2

In 2012, The Housing Resources Board (HRB) continued 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. HRB also completed and sold 10 homes in Ferncliff Village (phase 1), which will ultimately include 24 single-family homes. HRB also began development feasibility studies, planning, design and permitting for Phase 2 of Ferncliff Village, a 24-unit multifamily rental apartment project on a site adjacent to Phase 1. HRB continues to look for other development opportunities to provide affordable housing on Bainbridge Island.

Filer

EIN

95-0068013