On Wednesday, Oct. 19, Chesterfield County and the nonprofit Maggie Walker Community Land Trust (MWCLT) cohosted a groundbreaking ceremony at the future Ettrick Landing, a 10-unit single-family subdivision that is being developed to create affordable home ownership opportunities in the village of Ettrick.
Ettrick Landing will be constructed on the site of the former Ettrick Elementary School Annex, which previously was known as Dupuy Elementary. Chesterfield demolished the vacant school building and conveyed ownership of the property to the Maggie Walker Community Land Trust in 2019.
The land trust’s typical model is to acquire an existing house, rehabilitate it and re-sell it, while retaining ownership of the land beneath; that reduces costs for income-qualified homebuyers and keeps the house permanently affordable even as real estate values continue to rise.
To learn more, read the Chesterfield on Point blog article and view the groundbreaking video.