Land trusts offer an innovative way to help the middle class afford a home mynorthwest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mynorthwest.com Daily Mail and Mail on Sunday newspapers.
In response to rising rents and housing prices across the city, a coalition of Indianapolis organizations has begun to look for unconventional ways to keep housing permanently affordable.
The nonprofits offer homes at low rates, but in exchange buyers have to give up some of the equity they would typically build up with a standard mortgage. That allows the trusts to offer homes to more people.