Summary
The city is giving up on two condo units bought for affordable ownership housing — the model proved unworkable — and will explore selling them to the Community Land Trust, giving the trust sale proceeds.
At a glance
- Total mentions
- 1
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Nov 5, 2026.
Impact analysis
The land trust keeps the roughly $257,000-plus sale proceeds the city spent acquiring the units.
The Ann Arbor Community Land Trust, which gets capital to provide income-restricted housing.
Taxpayers absorbed the sunk cost; amendment supporters wanted the general fund made whole.
Mentions & discussions (1)
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