Community Land Trusts
A Community Land Trust (CLT) is a nonprofit organization that acquires and manages land for the benefit of a community. It typically focuses on providing affordable housing and preserving public resources. In a CLT, the land is owned collectively by the trust, while individuals can purchase or rent the homes on that land at below-market prices. This model helps ensure long-term affordability and stability, allowing communities to maintain control over their environment and resources. CLTs promote social equity by making housing accessible to low- and moderate-income families, fostering community involvement and sustainable development.
Additional Insights
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A community land trust (CLT) is a nonprofit organization that acquires and manages land to benefit local communities, often focusing on affordable housing. CLTs hold the land in trust, allowing individuals to buy homes while the land itself remains owned by the trust. This model helps keep housing affordable by removing land speculation. Homeowners build equity in their houses but agree to sell at a price that keeps it accessible for future buyers. CLTs promote community involvement, stability, and a sustainable balance between development and affordability.
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Community land trusts (CLTs) are nonprofit organizations that acquire and hold land for the benefit of a community. They aim to provide affordable housing and support local development by separating land ownership from building ownership. Homeowners buy houses on CLT land at lower prices, ensuring long-term affordability. Any profit from future sales supports the CLT and its mission. This model empowers communities to maintain control over local resources, promote sustainable development, and preserve affordability, helping to combat issues like gentrification and housing insecurity.