Pensacola is looking to partner with a community land trust to ensure whatever affordable homes are built on the former Malcolm Yonge Gym property will stay affordable for at least 99 years.
The Pensacola Community Redevelopment Agency staff gave a presentation Monday to the City Council, which met as the CRA board, on the proposed options for affordable housing on the Malcolm Yonge Gym property.
The recommended option would be to build 12 homes on the property placed in a community land trust that would be split between market rate and variable levels of affordable housing to create a mixed-income development.
As the next step in the process, next month Pensacola Mayor D.C. Reeves intends to ask the council to vote on sending out letters of interest for potential partners to develop the property like the Northwest Florida Community Land Trust created in 2022 by Pensacola Habitat for Humanity.
Read the whole article here.