Housing Resources Bainbridge - Homeownership Program
Housing Resources Bainbridge (HRB) is a community land trust (CLT). We own and manage land for the purpose of providing permanently affordable housing to low- and moderate-income households. CLTs keep home prices low by separating the value of the home from the value of the land. HRB sells the home and retains ownership of the land, which it leases to the homeowner for a 99-year term with the option to renew. We oversee each original sale and every resale thereafter to ensure that homes are sold to other income-qualified households at a price that is affordable. Regulations in the ground lease—not market forces—dictate the sale price, balancing affordability for the buyer with equity for the seller.
730 Ericksen Ave NE #100
Bainbridge Island, WA 98110
Location:
730 Ericksen Ave NE Suite 100
Bainbridge Island, WA 98110
Phone: 206-842-1909 ext 19
Website: https://www.housingresourcesbi.org/programs/homeownership/
Contact: Sherri Raines
Email: sherri@housingresourcesbi.org
Mailing Address:
P.O. Box 11391
Bainbridge Island, WA 98110
Funding: Nonprofit