February 1, 2011 – OPAL Community Land Trust accepted an unprecedented gift: a two-story, two-bedroom, one-bath house on a one-acre parcel of land in Eastsound, owned and generously donated by Philip Rife, who has lived on the property for 11 years. Rife, 65, is moving to a retirement community on the mainland. “I have been […]
December 2010 – Building construction is complete at Wild Rose Meadow in Eastsound. All 32 new homes in the Wild Rose Meadow neighborhood are finished. Work on the landscaping and final site details will continue into the early part of 2011.
June 2009 – Washington State awarded $1.5 million for OPAL to purchase and renovate the 22-unit Lavender Hollow apartments. OPAL plans to purchase the apartment buildings in 2009 and commence renovation in 2010. The current Federal subsidized loan from the USDA Rural Housing Service will transfer to OPAL, so that the apartments will continue to […]
September 2008 – A long-time supporter of OPAL, Sandy Thompson, has sold to OPAL a second home she owned at a bargain price. OPAL purchased the property, retain ed ownership of the land and immediately sold the home with a 99-year leasehold interest in the land. The price was affordable for a moderate income purchaser […]
Peak Moment Television brings you examples of positive responses to energy decline and climate change through local community action. Co-founder Michael Sky explains how OPAL provides 99-year leases on the homes built on community land trust property. Restrictions limiting the resale value allow owners to sell at a reasonable profit while keeping the homes affordable […]