Des Moines could launch an 'affordable forever' home network

• Des Moines metro governments allocate millions of dollars each year on low-income housing initiatives that frequently lose affordability when ownership changes hands.
• A CLT could help sustain investments, Johansen said.

How it works: Homes would be owner occupied but the land they sit on would be held by the trust.

• Low-income families would purchase the homes at a discount but could only resell them at a restricted price to other low-income buyers.

State of play: Representatives from nonprofit groups, 10 metro cities and two Polk County Supervisors participated last month in a CLT conference organized by A Mid-Iowa Organizing Strategy (AMOS) — a network of metro churches and community groups.

• One attendee offered land for the first CLT in the county, AMOS said in a statement.

What's next: Research and discussion among city staff continues.

• A presentation to the city council is likely in coming months, Johansen said.

Of note: There are already more than 200 CLTs in the U.S., according to Grounded Solutions Network.

• The California-based group advocates for affordable housing and participated in the Des Moines conference last month.