County, City, TLC to Break Ground on Largest Community Land Trust Development to Date
WHO: | Leon County Government, City of Tallahassee, and Tallahassee Lenders’ Consortium |
WHAT: | Community Land Trust Groundbreaking Ceremony |
WHEN: | Thursday, March 12 at 10 a.m. |
WHERE: | 402 Wallis Street Tallahassee, FL 32301 |
Helping advance affordable housing from the ground up, Leon County Government, the City of Tallahassee and the Tallahassee Lenders’ Consortium (TLC) proudly announce a groundbreaking ceremony for the latest Community Land Trust (CLT) project. The event will be held on Thursday, March 12, at 10 a.m. at 402 Wallis Street.
The ceremony will celebrate the beginning of the Wallis Street Project in the South City neighborhood, built on land donated by the City with financing from the County’s State Housing Initiatives Partnership (SHIP) allocation and the City’s HOME Investment Partnerships Program and Community Redevelopment Agency allocation. The project will deliver 17 homes for low-income buyers, a mix of single-family detached houses and duplex-style townhomes, making it the largest CLT development to date.
The Leon County-Tallahassee CLT was established by Leon County Government and the City of Tallahassee to increase affordable housing opportunities in Leon County. In March 2020, Leon County Government and the City of Tallahassee entered into an agreement with the Tallahassee Lenders’ Consortium to serve as the local Community Land Trust. The CLT promotes homeownership by acquiring and/or developing affordable single-family and multi-family housing with long-term affordability restrictions for income-eligible residents. Ten homes have been developed to date as part of the CLT program, with 17 currently in progress.
To learn more about the Community Land Trust, visit the Tallahassee Lenders’ Consortium website.
###