Building community together

THE VILLAGE AT RIVERVIEW RIDGE - THE REGION’S FIRST COMMUNITY LAND TRUST HOUSING INITIATIVE

The Village At Riverview Ridge in Priest River has welcomed six families to this newly built Community Housing Trust neighborhood. These six townhomes, built with local, working families in mind, are made possible through a Community Housing Trust (also known as a Community Land Trust, or CLT).

This attainable housing initiative is made possible through a partnership between KLT, LEAP Housing, and Bonner Community Housing Agency.

Why Priest River?

A short distance from Sandpoint, the city of Priest River is home to generations of families who thrive in this small town with a rich history. Rising real estate costs in Bonner County have priced out many families and individuals from home ownership. The Village at Riverview Ridge was a turn-key opportunity for the Community Land Trust partnership to build the first CLT in northern Idaho, creating an opportunity for people who earn average wages for the local area a chance at homeownership in the place they live and work.

Priest River’s Sparkling Future. With a new community park being developed on the shores of Priest River, residents will have even more reason to enjoy the quality of life in this special town. Learn more about Two Rivers Park HERE.

YOUR LOCAL COMMUNITY LAND TRUST

EXPLORING INNOVATIVE SOLUTIONS TO HOUSING SHORTAGE AND AFFORDABILITY

A community land trust (CLT), also known as a community housing trust separates ownership of the land from the home allowing a homebuyer to purchase a house while the trust holds the lease on the land. By taking the value of the land out of the equation plus adding additional subsidy, typically donations, the home itself becomes more affordable. Homes are deed restricted to ensure that the home remains affordable in perpetuity.

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Grateful acknowledgement to Avista Foundation, Blue Cross of Idaho, Sangham Foundation, Land Trust Alliance, Equinox Foundation as well as anonymous donors for supporting the work to establish a community housing trust project in our region.

May 30, 2024 Kaniksu Community Housing Trust presentation via Zoom followed by audience Q & A.