CHR 1487 LEO News Release

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07-05-16 Sanibel, FL

From Community Housing Resources (CHR) for Immediate Release:

Contact: Les Boyle, CHR Board Member, 239-989-8744

Photo Cutline: Neil and Stephanie Erickson and their three sons on the porch of their new Sanibel Home

Headline: Island Family Purchases CHR Home

Community Housing Resources (CHR) is pleased to announce that Neil and Stephanie Erickson have just closed on their new home at 1487 Center Street.  This home is one of 8 located in the CHR neighborhood of Centre Place and is a 3 bedroom, 2 bath piling home.  “On behalf of CHR and the community we want to welcome the Erickson family” said Melissa Rice, Realtor and CHR Board Treasurer who assisted the Ericksons with the purchase.  

“We are elated to be moving into our new home and to be able to live on Sanibel” said Neil Erickson.  Neil is a fifteen year employee of Island Water Association, and is an “A” Licensed Water Plant Operator. Stephanie is an Environmental Specialist.  Their three sons will be attending the Sanibel School.

“The Ericksons are the ideal family that the CHR Limited Equity Ownership (LEO) housing program is designed for” said long time CHR board member Dr. Phil Marks who headed the project to create the LEO community of Centre Place in 2009.  This house became available when the original owner was able to purchase a home on Sanibel on the open market and sell this property back to CHR making it available to the Erickson family.  This is the ultimate success story of the CHR program and demonstrates CHR’s mission.

CHR maintains 14 Limited Equity Ownership units on Sanibel for the purpose of providing affordable housing for people who work on Sanibel, including essential workers,  and who would not otherwise be able to afford to purchase a house on the island. The purchasers of LEO properties own their unit but the land continues to be owned by CHR similar to a condo purchase.  When the owner is ready to sell, they must sell it back to CHR at a predesignated price.  Working full time on Sanibel and income level are the primary qualifications for a purchaser.  

Community Housing and Resources, Inc. (CHR) is a 501(c)(3) nonprofit organization that is dedicated to providing affordable housing for families and individuals who work full-time on Sanibel and for long-time retired or disabled residents of Sanibel. CHR manages 74 rental units and 14 LEO units on 11 campuses which houses nearly 150 people, 50 of which are children.   For more information about CHR, visit online at SanibelCHR.org, or call 239-472-1189.

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