What are community land trusts and how do they work?

What are community land trusts and how do they work?

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 promote sustainable development.

How do CLTs ensure housing remains affordable?

CLTs maintain affordability by owning the land and leasing it to homeowners at below-market rates, often with restrictions on resale prices.

Can you give me an example of a successful community land trust?

One successful example is the Burlington Community Land Trust in Vermont, which has helped create hundreds of affordable homes.

What are the benefits of community land trusts for communities?

CLTs help stabilize neighborhoods, prevent displacement, and empower residents by involving them in decision-making processes.

How can I get involved with a community land trust?

You can get involved by volunteering, attending community meetings, or supporting local CLTs through donations or advocacy.