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Metro briefs: Edina to preserve smaller homes
By Star Tribune staff Text size Copy shortlink:
In response to residents concerned about modest homes being torn down and replaced with luxury housing, Edina created a program to buy smaller single-family homes and ensure they remain affordable for families.
Stephanie Hawkinson, the city s affordable housing development manager, said in a news release that while some homeowners are thinking of selling, they are reluctant to sell to developers. Under the new program, eligible single-family homes valued at up to $425,000 can be purchased through the city, which partners with the nonprofit Homes Within Reach. The nonprofit then sells the homes to a community land trust.