Nonprofits May Buy Affordable Housing Through Land Trusts

July 31, 2007
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New York's Westchester County is beginning an experiment to keep affordable housing affordable. A land trust designed to preserve affordable housing, including tax credit sites, in perpetuity, is being devised in Westchester, says Rosemary Noonan, Executive Director of the Housing Action Council, an affordable housing advocacy group. The trust is to be called the Westchester County Land Trust, she adds.

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