September 29, 2020 | Owning a home helps families build wealth, improves childhood health and educational attainment, and stabilizes neighborhoods. But home prices in the Phoenix metro area lie outside the reach of many working families. So how do we create more affordable housing? One of the most effective and sustainable approaches is through a Community Land Trust (CLT) and there's no better example than Newtown CDC, the oldest and largest CLT in Arizona.
Stephanie Brewer joined the Newtown team in March 2015, bringing with her a wealth of experience in construction and nonprofit management. Since then, she has expanded the opportunities, funding, and growth of the Valley's only community land trust (CLT) As Newtown's new executive director, Brewer's innovative approach provides the tools and mindset to keep Newtown ahead of its goals in providing affordable housing to Valley homeowners.
Join us as Brewer explains how a CLT uses public and private funding to build or rehabilitate houses, and then sells them under an agreement that allows first-time homeowners to build equity while ensuring that the homes will remain affordable for future buyers.
