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Tallahassee Lenders Consortium Breaks Ground On First Land Trust Program Home

Several people with shovels outside digging into the earth
Blaise Gainey
/
WFSU-FM
TLC Community Land Trust Groundbreaking

The Tallahassee Lenders Consortium broke ground Wednesday on the first of 35 homes the agency plans to build as part of its community land trust program. The program will build homes on vacant city property in residential areas. Future homeowners won’t own the land, ultimately saving them from buying it and making the cost of their home more affordable.

Commissioner Curtis Richardson explains.

"We’re taking the cost of the land out of the equation. So, let’s say this lot was $10,000 a figure off the top of my head," said Richardson. "That cost is taken out of the equation because that homeowner will have a lease, a 99-year lease on the property made through the Lenders Consortium."

Officials held a groundbreaking ceremony Wednesday at the site of their first project on Eddie Road in Northeast Tallahassee. The group plans to build 35 homes by 2024. Organizers are hoping to get 9 of those homes started this year. The city of Tallahassee has donated $500,000 to help pay for the construction.

Blaise Gainey is a State Government Reporter for WFSU News. Blaise hails from Windermere, Florida. He graduated from The School of Journalism at the Florida A&M University. He formerly worked for The Florida Channel, WTXL-TV, and before graduating interned with WFSU News. He is excited to return to the newsroom. In his spare time he enjoys watching sports, Netflix, outdoor activities and anything involving his daughter.