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Community Land Trust Models

Community land trusts (CLTs) are non-profit organizations that hold land for the benefit of a community, rather than for individual profit. CLTs aim to preserve affordable housing and community spaces by removing land from speculative markets, providing stable long-term leases or ownership opportunities to residents, and generating revenue through the sale of properties or leases.

Affordable Housing Alternatives​

Community Land Trust Models: Innovative Approaches to Affordable Housing

CLTs are not-for-profit organizations that acquire and hold parcels of land for the benefit of a community. These trusts allow residents to purchase homes at below-market prices by separating the cost of the land from the cost of construction, making homeownership more accessible and affordable.

Key Components​

  • Land Holding: CLTs acquire and hold land in perpetuity, removing it from speculative markets.
  • Long-term Leases or Ownership: Residents are offered long-term leases (often 99 years) or ownership opportunities at below-market prices.
  • Revenue Generation: CLTs generate revenue through property sales or lease fees.

Benefits​

  • Affordability: CLTs provide affordable housing options by separating the cost of land from construction costs.
  • Community Benefits: Residents enjoy community benefits, such as access to green spaces and community facilities.
  • Stable Property Values: The community's interest in the land is secured through a long-term lease or ownership arrangement.

Implementation​

Implementing CLTs requires:

  • Community Support: Building strong relationships with local residents and stakeholders.
  • Financial Sustainability: Establishing revenue streams, such as property sales or lease fees.
  • Land Acquisition: Identifying suitable parcels of land to acquire for the community's benefit.