What is a Community Land Trust? And could one help with Tacoma’s homelessness crisis?
Kathy McCormick, director of real estate development for the Tacoma Housing Authority, said people living in high-rent areas like Seattle and coming to Tacoma for relief.
“Our housing costs are rising so much more quickly than our incomes,” McCormick said.
McCormick, who’s worked on CLTs in other states, including Colorado, said that a CLT would be a helpful tool for Tacoma.
“A CLT is a method to ensure permanent affordability,” she said.
Read the full article on Tacoma News Tribune’s website.