Tag: SCLT

A refuge from high housing costs, Sitka’s land trust neighborhood is growing two cottages at a time

A refuge from high housing costs, Sitka’s land trust neighborhood is growing two cottages at a time

by KCAW News | Nov 19, 2021 | ,

The homes were sold for about $260,000 -- far below the market value for a new home in Sitka. In a presentation to the Sitka Chamber of Commerce on Wednesday (11-17-21), land trust co-executive director Randy Hughey said that the organization’s formula for affordability included keeping the houses small, selling only the houses and not the land, and using grants to subsidize site preparation and utilities. Read More
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