Trust funds are often associated with the wealthy, but these legal entities designed to hold assets for the benefit of people and organizations aren’t just for the rich.
For example, they can provide means for a community to acquire affordable housing. A group of Monadnock Region activists and officials are working to create such a fund. Their hope is to provide financial incentives for developers to build affordable housing for people earning less than 60 percent of the median household income for the region, which is $64,686 in Cheshire County, according to the most recent census.