What’s New at OPAL

The Board of Trustees of OPAL Community Land Trust generally meets the second Thursday of the month from 5 p.m. to 7 p.m.  in the Reddick Conference Room, 286 Enchanted Forest Road, Eastsound.  Meeting agendas will be posted here generally four days prior to the meeting:  AGENDA for OPAL Board Meeting- July 2010

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April 2010 – Wild Rose Meadow – Homes in Phase II begin to be completed. House construction is beginning to be completed on the second phase of 14 homes in the Wild Rose Meadow neighborhood.  The first home got a certificate of occupancy from the county on April 8th, and homes will be completed one or two per month through September.  Photographs of the progress are posted on the general contractor’s website:  Terra Firma’s web site.

June 2009 – Washington State awards $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 provide an affordable home for low-income and very low-income seniors, persons with disabilities, young people starting into adulthood, and parents with children.

Sept. 2008 – NEW Scattered Site Home in Olga near Obstruction Pass. 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 leaseehold interest in the land.  The price was affordable for a moderate income purchaser and is subject to the same long-term sales price formula as all OPAL homes.

OPAL Co-Founder, Michael Sky, on Peak Moment Television

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 forever. Click on the Peak Moment Logo to link to the interview.