this post was submitted on 05 Jan 2024
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I had never heard of a land trust being used to keep rates affordable - sounds like a very cool model!

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[–] polygon6121@lemmy.world 5 points 10 months ago

True, thanks for clarifying this. But it does help to keep the utilites costs of the houses at actual cost, because the houses are co-owned and non-profit. It is also keeping out private speculation and "landlords" from the market with how the statues/rules are setup.