But it is up to us to make this work at a local level. SOUL has three goals for Land Bank:
- Create affordable rental housing
- Create jobs and job training for local residents in the rehab process
- Create wealth for local residents via a rent-to-own program
We need to get banks to donate properties that can be rehabbed and turned into affordable housing, not just tear downs or blighted buildings. We need to manage the rental process so that the renters are good neighbors who enhance the community. We also want to create jobs and job training in the rehab process. And finally, we want to establish a rental program so that renters who qualify can eventually own the places that they rent, so we can create wealth in our communities.