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Housing:

Even if the developments come to pass, it will be years before their homes are available to the public.

For now, many nonprofits remain focused on purchasing single-family buildings or small apartment buildings (with five or fewer units).

Location within the city doesn’t matter, as long as it’s somewhere near bus routes, Breedlove said.

“Obviously, some of our folks don’t have vehicles. We look for things close to bus routes,” he said.

“Some of our folks have to walk to work. We’ve got a lady in our recovery house now who works at McDonald’s. She gets up at 3:30 or 4 o’clock and walks 40 minutes every morning to get to work.”

So, the nonprofit can’t buy something that’s either outside of town or “on the fringe.”

It’s limiting, he admits.

All nonprofits are in the same boat, too.

Landmark has a real estate agent who watches for multiunit apartment homes to come on the market, then notifies the nonprofit when they do.

But, you have to act fast to get the property, and the properties have been scooped up before it could reply.

Nonprofits are aware of what each seeks, Breedlove said, and won’t get into competition for properties. The challenge is finding the properties they all want. But they’re hard to find.

“We have all these churches praying for the same thing,” he said. “We honestly — we wouldn’t ever want to be in competition with any other group. They are partners … all needing some of the same properties.”

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2021-10-17T07:00:00.0000000Z

2021-10-17T07:00:00.0000000Z

https://edition.newstribune.com/article/281814287055355

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