Shared from the 3/14/2021 Star Tribune eEdition

EDINA

City to preserve smaller homes

In response to residents concerned about modest homes being torn down and replaced with luxury housing, Edina created a program to buy smaller single-family homes and ensure they remain affordable for families.

Stephanie Hawkinson, the city’s affordable housing development manager, said in a news release that while some homeowners are thinking of selling, they are reluctant to sell to developers. Under the new program, eligible single-family homes valued at up to $425,000 can be purchased through the city, which partners with the nonprofit Homes Within Reach. The nonprofit then sells the homes to a community land trust.

Edina recently started promoting the program with postcard mailings, and within days there were at least 10 interested sellers, though Hawkinson said some were turned away because their home values were too high.

To learn more, e-mail shawkinson@EdinaMN.gov.

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