Monday, September 24, 2007

Land trust homes go modular

Land trust homes go modular

Strategy helps Hannibal Square keep its affordability


WINTER PARK - Providing affordable housing amid overheated real estate is a challenge in any city, but particularly vexing in one of Central Florida's most desired ZIP codes.

The successful redevelopment of Winter Park's historically black west side has made that problem more acute as property values outpace the incomes of many of its residents.

The Hannibal Square Community Land Trust, established with help from the city in 2004 to support the neighborhood's diversity, has an uphill battle to provide affordable houses. So, it responded with creativity.

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