West Side land trust and demolition fund would be first of its kind in San Antonio
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A novel approach to preserving affordable housing for low-income families is percolating on the West Side.
The Esperanza Peace and Justice Center is set to receive $300,000 from the San Antonio Housing Trust Fund and Foundation to set up an emergency demolition fund and a community land trust, which would be the first of its kind in San Antonio.
The fund would be used to save and rehabilitate older houses, which would be required to join the land trust. The trust would rent or resell the houses to families earning up to 30 percent of the area median income.