Peninsula Housing, the Leelanau County-based community land trust, has announced the acquisition of a duplex rental property on St. Joseph St. in Lake Leelanau, purchased with the help of a loan from Housing North as part of a pilot rental preservation program. The tenants will be able to remain at their present below market rates, even though Peninsula Housing paid market price for the property.
Peninsula Housing has announced the availability for purchase of their first home. Located at 1002 S. Herman Road in Suttons Bay, this three-bedroom home was acquired by Peninsula Housing last fall. After extensive renovations, it is now ready to be sold at an affordable price to a qualifying buyer. “We are excited to be able to offer this home at a price that working families can afford,” said Peninsula Housing president Larry Mawby.