St. Tammany Parish business leaders are moving forward with a plan to build affordable housing for workers such as police officers and nursing assistants who are increasingly priced out of the post-Katrina real estate market.
The plan would establish what is known as a community land trust, with a nonprofit group owning land that it leases to homeowners for a nominal fee.
Prices would be within reach of those who currently cannot afford a home in the parish because the trust would retain title to the land and the buyer would own only the house itself.
Representatives from the Northshore Business Council, a newly formed group led by former Parish Council member Pat Brister and lawyer Howard Daigle, described the plan at a conference Tuesday in Madisonville.
The business council, along with the parish government and the St. Tammany Housing Partnership, soon will commission a feasibility study at an estimated cost of about $30,000, half of which will be financed with grant money from Habitat For Humanity St. Tammany West. The other half will likely come from the parish, which may eventually donate land to the trust.