A $739 mortgage payment in Winter Park? Here’s where we found affordable housing Hannibal Square Land Trust provides affordable housing for working families Tags:  Boomtown , Winter Park , Orange County A $739 mortgage payment in Winter Park? Here’s where we found affordable housing WINTER PARK, Fla. – As the affordable housing crisis is getting worse by the day with housing supply at an all-time low and rents reaching sky high, News 6 has found a solution for homeowners through the Hannibal Square Community Land Trust. “Community land trusts work the best in areas that the house prices are skyrocketing,” Camille Reynolds Lewis, executive director of the Hannibal Square Community Land Trust said. “The land trust, which is a non-profit organization, acquires land whether by donation, surplus by local governments or purchase, we acquire land and then we build homes for low-to-moderate income families.” The Hannibal Square Land Trust started back in 2004 when residents right outside of Winter Park noticed development and felt the threat of gentrification, coming together as a collective group working with the City of Winter Park who donated land to start the trust. Couple who purchased home from Hannibal Square Community Land Trust (Hannibal Square Community Land Trust) “What we do is take the cost of the land out of the equation, so that plus subsidies help to bring the price down,” Reynolds Lewis said. “So you are essentially purchasing the house and not the land.” Grounded Solutions is a national organization that tracks community land trusts and said there are more than 275 community land trusts in the United States and growing as the affordable housing crisis grows across the nation. For Linda Rambeau, she purchased her 3-bedroom, 2-bath home in Hannibal Square in 2009 for a mortgage of $126,000, with subsidies bringing her monthly mortgage payment to $739 a month, adding an additional $45 a month for the lease of the land still part of the community land trust. However, when News 6 visited her Thursday she had just refinanced, now with a mortgage of only $634 just blocks away from Winter Park’s Park Avenue. “That’s a blessing from God, it’s a blessing from God,” Rambeau said. Rambeau is retired currently on social security but also works part-time at a retail store. “It needs to be put in place for more people absolutely love to see that happen,” she added. There are currently 21 homes in the Hannibal Square Land Trust, but Renyolds Lewis said they are in process of building 24 additional units in Apopka and another 30 homes in Orlando. She adds there are currently more than 100 families on a waiting list hoping to get into one of the affordable homes. Home purchased look at more info from Hannibal Square Community Land Trust (Hannibal Square Community Land Trust) Copyright 2021 by WKMG ClickOrlando - All rights reserved.

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5 road projects to join list of Indianapolis construction zones INDIANAPOLIS (WISH) — The price tag is $6.1 million for the Indianapolis Department of Public Works’ latest slate of construction projects that are set to start in August. The road work joins a robust list of major roadways already undergoing rehabilitation in Indianapolis this construction season. The latest additions, the rehabilitation of five roads around Indianapolis, are expected to take a year to complete. Madison Avenue from Shelby Street to Perry Street. Maryland Street from Schumacher Way to West Street. White River Parkway West Drive from Washington Street to Saulcy Street. Two segments of roadway on Raymond Street. “It is going to be a smoother, nicer drive for people that use these segments of roads,” said Hannah Scott-Carter, public information officer with Public Works. A city once known for its pothole population is now doing its best to patch the situation, which unfortunately results in a headache for some drivers. “It seems like something has to be fixed every summer, but at least they are fixing it, you know,” said Rob Babbs, who frequently visits downtown Indianapolis. “My dad always said when they are working on it, it’s going to get worse before it gets better., but once it gets better, it is better for quite a while,” Babbs added. Scott-Carter said, “Construction is a little inconvenient but it is a necessary thing of life, and we always ask for people to be patient. Obviously, residents of Indianapolis want nice roads to drive on and to have that we have to have construction.” The projects are not in the heart of downtown but are on major roadways that see a lot of traffic, such as Maryland Street outside of Victory Field and White River State Park. In his budget proposal to the City-County Council on Monday, Mayor Joe Hogsett said Public Works is on track to spend more than $1 billion on road construction from 2016-2023. Scott-Carter said, “Everyone can expect more construction next season.” The projects will not close down the road segments. While construction is underway, drivers can drive through but will see regular lane changes as the work is done. The five segments of road are expected to be done in August 2022, with work pausing during the winter months. It was not immediately clear which sections will be worked on first. © 2021 Circle City Broadcasting I, LLC. | All Rights Reserved.

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