Archive for August, 2006

Community Land Trusts: The key to affordable housing: Commentary by Senate President Robert Bunda

Friday, August 25th, 2006

 Sen. Bunda Nowhere is the need to create a “sustainable” strategy for the future greater than in the area of affordable housing.

A growing number of communities, including resort communities, are using community land trusts to compensate for the skyrocketing costs of housing and the financial disincentives for developers to build affordable housing. Here in Hawaii, land banking has long been used to protect important agricultural and conservation resources. But the use of land banking to address our affordable housing needs is a relatively new twist to an old idea.
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