This project involved the acquisition and rehabilitation of two adjacent duplex buildings, creating four units of “dividend housing.” Through this program, residents earn credits toward a future financial payment (rental equity) while working cooperatively to establish operating policies, care for common areas of the property, and fulfill lease agreements.
Neighborhood: Avondale
Impact:
- 4 units of affordable housing
- Renters earn equity
- Renovation of vacant, blighted property
Amount: $182,000