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Creating affordable homes for families: CHT has acquired an approximately 18-acre parcel at 400 N. McCall Road in Englewood, Florida from the County to develop a high-quality, permanently affordable workforce housing community. The development will include a minimum of 39 housing units, all of which will remain affordable in perpetuity for households earning up to 100% of the Area Median Income (AMI).

CHT also sells a limited number of existing Land Trust homes, scattered throughout the County as they become available. These homes have been part of the Land Trust for nearly 2 decades and are sold to income-eligible families who agree to continue to share in the appreciation of their homes whenever they decide to move. They pay it forward so that the benefits that they've realized will be available for other families.

Community Support

By integrating both rental and homeownership opportunities, “mixed-tenure” communities and scattered-site housing foster economic diversity, promote social stability, and enhance the overall quality of life for Sarasota County residents. CHT's model addresses a range of housing needs across different life stages and income levels, while helping prevent economic segregation, reduce concentrated poverty, and encourage long-term community stewardship and maintenance.

Housing Can Be Affordable

In addition to offering grants and financial guidance to help families repair credit and afford and maintain their homes long-term, CHT uses a unique model to support the affordable housing needs of the workforce in Sarasota County.

CHT creates permanently affordable housing through its use of a Shared Appreciation Mortgage and/or a Land Trust. To reduce the purchase price of a property without reducing the quality of the home or neighborhood, CHT can own the land while the home buyer purchases only the house. CHT can also subsidize the purchase of a home in exchange for sharing the increase in value in the future - once the homeowner decides to sell.