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Mr. David L. Mandel
Sacramento, CA
Legal Services of Northern California

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Can we create permanently affordable housing, one bequest at a time?

Can we create permanently affordable housing, one bequest at a time? Millions of senior citizens own homes with high market values – and a certain portion may be excited by the idea of leaving them to a community land trust that could ensure their permanent occupancy by low-income families. In providing legal assistance to thousands of seniors, legal hotlines for seniors, which exist in many states, could promote that idea generally while offering customized advice to clients interested in it but wanting to protect themselves, including myriad possibilities of using home equity for their needs as they age. Initial research would explore the feasibility of a more ambitious project.
 
Paper due date: July, 01 2009
Author availability: Not at all