HRB acquires two townhomes in a market-rate neighborhood of 17 single-family homes. As part of the city’s Housing Design Demonstration Projects, the Wallace Cottages developer, Central Highland Homes, received bonus density in exchange for selling two of the homes affordably. HRB secures the homes for its community land trust and further subsidizes them so that they will be affordable to its buyers. The second home sells at just 35% of its appraised value.
