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Woman With Large Property Donates It For Affordable Housing, Including Herself


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https://www.cbc.ca/news/canada/nova-scotia/affordable-housing-howie-centre-cape-breton-land-offer-1.6714705

 

A 49 year old woman in Canada describes herself as land rich but cash poor as she owns a large plot of land but is not wealthy and desperately needs a new housing unit (that she does not have cash to build herself) in good condition that she can also afford to maintain

 

As such she made an unusual offer that is meant to be a win-win-win for everyone. The land developers, other people and herself

 

She is giving up prime high value land to developers for free and in exchange the developers can only build affordable housing units on it including one for herself. This way she gets helped, others in her community get help, and the developers benefit also

 

 

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  • Economy changed the title to Woman With Large Property Donates It For Affordable Housing, Including Herself
bionic

This is great :vegas: 

 

I expect if this becomes too common developers will radically change what they view as 'affordable'

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4 minutes ago, bionic said:

This is great :vegas: 

 

I expect if this becomes too common developers will radically change what they view as 'affordable'

I doubt it would become too common.

 

It's not like there's a tone of people left with large plots of land in cities (I suspect if she's not rich but has all that land she probably inherited that land from a time when the city was less developed a many ppl had large rural plots of land even if they weren't super wealthy per say)

 

Of the ones that do have large undeveloped land in cities, few are gonna donate it like she did

 

I'm sure things like this will remain isolated cases

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