Recently, Chesterfield County and Maggie Walker Community Land Trust celebrated the rehabilitation and sale of the first residence to an income-eligible home buyer as part of their partnership. Habitat for Humanity helped rehabilitate the home.
Last year, the land trust was awarded $500,000 of Community Development Block Grant funding from Chesterfield County.
The terms of the grant stipulate that the land trust retains ownership of the land and leases that land to a homeowner.
The single-family house at 5616 S. Melbeck Road was purchased in December 2018 by the land trust for $170,000. The house – which was built in 1959 – has an assessed value of $158,600.
Carolyn Champion, vice chair of the land trust, welcomed the new homeowner (Adrienne) as her new neighbor at a Sept. 18 ceremony.
Champion said the land trust has 33 other such properties “in the pipeline,” including four in Chesterfield County.