The Housing Team had a very informative presentation and discussion with Rose Lathrop, Executive Director of Kulshan Community Land Trust ( Kulshan CLT), a non-profit organization providing equity-interest homes to those earning under 80% of the median annual income. Kulshan owns and leases the land for a 99-year lease. The equity interest in the home can be bought and sold subject to the 99-year lease and other income limitations.
Currently, Kulshan has about 142 homes in trust. New properties in Ferndale and on Telegraph Road in Bellingham are being developed together with Habitat for Humanity.
A recording of the presentation is available on the League’s website.