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Jul 31, 2024 · Key Takeaways. Community land trusts (CLTs) are shared equity programs that keep land available at low cost for low- and moderate-income families. CLTs help eliminate racial wealth gaps by ...
Depending on local contexts, social housing owners can sell units to community land trusts, as was the case for Toronto’s Neighbourhood Land Trust and Circle Community LandTrust. Lastly, there is an emerging trend of CLTs receiving affordable units created through planning tools that induce for-profit developers to create affordable housing, such as inclusionary zoning and density bonuses.
The Center for Community Progress (CCP), which focuses on the remediation of vacant property, has made land banks a central part of its advocacy efforts. According to CCP, there are around 120 land banks in operation in the United States. Most of these are found in the states of Michigan, Ohio, and Georgia, though eight other states have passed ...
The Community Land Trust (CLT) acquires, develops and stewards co-ops and community-led housing and spaces throughout British Columbia. Our team of skilled industry leaders create and advocate for inclusive communities that members and residents are proud to call home. Established in 1993 by the Co-operative Housing Federation of BC (CHF BC ...
The Toronto Chinatown Land Trust is an initiative aimed at preserving and empowering the Chinatown community in Toronto by addressing issues related to land ownership and development. Established to combat the pressures of gentrification and rising property values that threaten the neighborhood's cultural and economic vitality, the Trust focuses on acquiring and managing key properties within ...
A community land trust or (CLT) is a nonprofit corporation that holds land on behalf of a place-based community, while serving as the long-term steward for affordable housing, community gardens, civic buildings, commercial spaces and other community assets on behalf of a community. CLTs balance the needs of individuals who want security of ...
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What is a community land trust?
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The Canadian Network of Community Land Trusts is the convening place for CLTs across Canada. Mission To support the growth of community land trusts with the primary purpose of acquiring, developing, and/or stewarding permanently affordable housing, land, and other assets that contribute to a thriving community.
