FOR IMMEDIATE RELEASE

Coalition of Attainable Homes Achieves Landmark Status as a Gold-Certified Community Land Trust

Indian River County, FL July 15, 2024: The Coalition of Attainable Homes (CAH) is thrilled to announce its official designation as a gold-certified community land trust (CLT) by the Florida Housing Coalition. This achievement marks a significant step forward in CAH’s mission to provide long-term, affordable housing solutions for workforce families in Indian River County.

“We are incredibly proud to reach this milestone,” said Julianne Price, CAH Board President. “Becoming a certified CLT enhances our capacity to provide stable and affordable housing options for our community.”

As a Community Land Trust (CLT), CAH will serve as a dedicated steward of the land, guaranteeing long-term affordability for future generations. The innovative CLT approach decouples land ownership from homeownership, with CAH maintaining ownership of the land and offering homes for sale or rent at affordable rates. This unique model enables homeowners to accumulate equity in their homes, while also ensuring that housing expenses remain manageable for both owners and renters.

“The need for affordable housing in Indian River County is critical,” said Valerie Kines, Executive Director of CAH. “This certification allows us to leverage partnerships with developers, lenders, and government agencies to create a sustainable model for income-determined housing.”