Their only interest is to maintain their decades long cronyism. The president and other board members of the credit union are now presidents and senior members of the coop board which is suppose to represent the residents. The management office employees including the prior manager held positions on the board of the Penn South Credit Union. Reside at Penn South and it is a bastion of cronyism. My parents' families were able to innovate in how they farmed and grow prosperous even as tenant farmers. As a result of these leases, my parents electoral district, in an overwhelming Catholic country, was the only district with Catholics as the majority.

Tenants with these leases under British law were given the status of owners when property ownership was required for voting. Both came from Catholic families with rare 99 year renewable leases, with all capital improvements owned by the tenant and sellable if the tenants decided to move out. The idea for the 99 year renewable lease came from my parents history. Another would be higher but still reasonable rents for the shops and businesses operating on the land trust. Another would be building up an endowment the way universities do, with an emphasis on taking donations from non-residents.

One would be using 20% of the land for market rate apartment buildings. Subsidizing the land trust would take a number of forms.

Other leases could be of varied shorter durations, but all renewable. Leases could be mixed, with some leased for 99 years renewable (with adjustments in the lease price) designed to be multi-generational. The only long term solution to affordable housing: perpetual non-profit land trusts where the trusts own all the property and lease them out.

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