Community Land Trust (CLT) Model

A Community Land Trust (CLT) is a nonprofit organization that owns land collectively, ensuring it remains affordable for residents. The CLT sells homes to individuals at below-market prices while retaining ownership of the land, which is leased to homeowners through long-term, renewable ground leases. This arrangement helps prevent speculation and rapid increases in property costs, fostering stable, affordable housing options. Residents build equity through homeownership, with the community organization maintaining control over land use to prioritize affordable housing and community needs over profit.