WeBuild Concord
Number of single‐family, multi‐family, mixed‐use, and mixed‐income developments built or under construction.
Current Value
71
Definition
WeBuild Concord settled on a resale formula and shared equity model for the Community Land Trust. Those homeowners who purchase a home through the land trust, will be guaranteed a 2.5% increase each year regardless of the market. Within the first two quarters of 2022, WeBuild Concord announced several multi-family and single-family developments. The Lincoln Street Townhome Project will consist of twenty-six townhome units reserved for affordable ownership for households earning 60-80% of the area median income. According to Executive Director Patrick Graham, the Lincoln Street Townhome project, located in Concord's Logan Community will consiste of two-thirds of the units being in the land trust, with the other one-third designated for workforce housing.
Story Behind the Curve
Partners
What Works
Action Plan
What We Do
In September 2021, WeBuild Concord lead community partners, stakeholders, non-traditional community leaders and community members through the proess of developing a Cabarrus County Community Land Trust (CLT) model. CFEA contracted Grounded Solutions to facilitate 5, 1-hour sessions to provide a general overview of CLTs, as well as assist with the identification of next steps and understand the road ahead to developing a local CLT.
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