The Door County Housing Partnership broke ground Tuesday on its tenth home in Door County, the third on Galley Place in Sturgeon Bay, marking another step in the organization’s effort to help create permanently affordable housing.
DCHP President Scott Bader and State Assemblyman Joel Kitchens joined housing partnership representatives for the groundbreaking ceremony, taking turns talking about the Housing Partnership efforts, and the impact on the greater community.
Kitchens emphasized the impact of housing like this on not only the family living in the home, but on the community at large.
The Door County Housing Partnership works to create housing opportunities for local residents while ensuring the homes remain affordable for future generations. Its model protects the initial public and private investment in the properties and keeps the homes permanently affordable through long-term land agreements.
Under the partnership’s model, buyers purchase the home at below-market value while entering into a 98-year land lease. The arrangement allows the homeowner to build equity while ensuring the property remains affordable when it is eventually sold to another qualified buyer.
By preserving affordability over the long term, the Door County Housing Partnership aims to create a lasting supply of attainable homes rather than providing a one-time benefit to individual homeowners.
DCHP is beginning its next fundraising campaign this fall.
Pictured in groundbreaking photo (L to R): Krystal Kubichka, Rep. Joel Kitchens, Sean Linnan, Mariah Goode, Frank Paul, Scott Bader, Sam Nelson, Tim Halbrook.
