A jurisdiction may adopt a first right of refusal by a qualified organization to purchase an existing multi-family or other property at fair market value in order to build inventory in the Community Land Trust.
NOTE: This information may not yet be a fully available solution. This page will be updated as potential solutions are explored by the Regional Housing & Growth Issues Partnership’s Working Group and Advisory Group members, as well as legal counsel and other qualified review. Any solutions provided are subject to adoption and implementation by the respective end user. Community input is welcome. Please email info@rhgip.com if you have questions, suggestions, or feedback.
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