The Community Land Trust Model
A community land trust (CLT) acquires and holds land in trust for the benefit of a specific community. The primary goal of a CLT is to ensure that the land remains permanently affordable and accessible for community members.
Typically used in housing initiatives, a CLT separates the ownership of land from the ownership of buildings, allowing individuals or families to own the structures while the CLT retains ownership of the land.
This model helps combat rising property values and gentrification, promoting long-term community stability by providing affordable housing options and enabling residents to actively participate in decision-making processes regarding the use and development of the land. CLTs aim to foster community engagement, equity, and sustainable development, making them a valuable tool in community-driven efforts for affordable and inclusive housing.