Promised Land Turns Environmentally Challenged Property Into Affordable Housing
Jonathan purchased 30 acres of land in a suburban area in the 1970s, hoping to develop the land one day. Before that could happen, the government established wetlands through the middle of the property, cutting it off from the main road. Because the property was still commercially zoned and was cut off from easy access, selling it became difficult. In addition, an issue with dumping created environmental concerns.
Jonathan decided to donate the property to Promised Land and received a tax deduction based on the current value of the property, which was significantly higher than what it was forty years ago. Promised Land had the environmental concerns investigated and the results were benign. They worked with town officials to turn the property into affordable housing which benefited everyone.