Community Land trusts (CLTs) provide low- and moderate-income people with the opportunity to build equity through homeownership and ensure they are not displaced, due to land speculation and gentrification According to a report issued by the Lincoln Institute of Land Policy (2008), the number of community land trusts in the U.S. has grown rapidly in recent years, due largely to the expanding investment and involvement of local government.
What is a Community Land Trust?
Community land trusts are nonprofit, community-based organizations designed to ensure community stewardship of land. Community land trusts can be used for many types of development (including commercial and retail) but are primarily used to ensure long-term housing affordability. To do so, the trust acquires land and maintains ownership of it permanently.
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