Is it true that church owned parsonages are coming back?
The recent run up in real estate prices is making it impossible for some clergy in many denominations to afford single family homes in the communities where their congregations are located. This means that churches in high-income areas will be able to call as ministers only persons who are already well off financially or who have partners with adequate incomes. Some congregations are going back to buying a parsonage for the minister to live in; others are offering loans or equity sharing arrangements whereby the minister can purchase a house of his or her own. These generally assume that endowment funds can be tapped for this purpose.
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- Is it true that church owned parsonages are coming back?