Anniversary Court was the first multifamily condominium project developed by the Madison Area Community Land Trust. This neighborhood has 14 duplex-style townhomes, and is governed by the Anniversary Court Condominium Owners Association. The initial sales price of these homes was $91,500 back in 1998. In 2005, these homes were re-selling for a price of $107,500, and in 2019-2020, two homes resold for about $119,500. As the first homes in the land trust, Anniversary Court condos show us the power of permanent affordability as they remain deeply affordable long term while allowing for some equity gain for their homeowners.