Organizations Filed Purposes:
THE PURPOSE OF THE CORPORATION SHALL BE, AS A COMMUNITY LAND TRUST,TO PROVIDE OPPORTUNITIES FOR LOW AND MODERATE-INCOME PEOPLE TO SECURE HOUSING THAT IS DECENT AND AFFORDABLE AND THAT IS CONTROLLED BY THE RESIDENTS ON A LONG-TERM BASIS, TO PRESERVE THE QUALITY AND AFFORDABILITY OF HOUSING AND TO PROMOTE THE DEVELOPMENT, REHABILITATION, AND MAINTENANCE OF DECENT HOUSING FOR LOW-INCOME JUNEAU RESIDENTS.
DEVELOP OPPORTUNITIES FOR AFFORDABLE HOMEOWNERSHIP IN JUNEAU.
THE JUNEAU HOUSING TRUST SETS THE RESALE PRICE OF ANY HOME IN THE COMMUNITY LAND TRUST, ENSURING ITS AFFORDABILITY FOR EACH SUCCESSIVE HOME BUYER. UNDER ITS RESALE FORMULA, THE HOMEOWNER, WHEN THE HOME IS SOLD, RECEIVES ALL THE MONEY OR EQUITY THEY HAVE PAID OFF THE HOME MORTGAGE, PLUS 25% OF THE APPRECIATED VALUE OF THE HOME. PUT ANOTHER WAY, THE SELLER RECEIVES 25% OF THE DIFFERENCE IN APPRECIATION OF THE HOME. THERE WAS ONE RESALE IN 2019.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Cynthia Gleason | BOARD MEMBER | 1 | $0 |
| Minerva Carandang | BOARD MEMBER | 1 | $0 |
| Mary Bernadette Blankenship | BOARD MEMBER | 1 | $0 |
| Tamara Rowcroft | BOARD VICE P | 5 | $0 |
| Stephen Sorensen | BOARD PRESID | 2 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202043209349300979_public.xml