The Community Land Trust

holds land in trust for the benefit of the community

is democratically controlled

For the Purpose of

keeping the housing on that land permanently affordable

for the stewardship of all investments (public and private) to keep them working forever for affordability

to further fair housing and community diversity

to collaboration and join in partnership with other organizations and communities

The CLT Concept

Individual and community interests are balanced.

Land is held in trust by means of a democratic, community-based organization.

Land is made available to individuals and groups by means of a lifetime, inheritable, or long-term lease.

Leaseholders own the buildings or improvements they make.

The CLT reserves the right to purchase these improvements for the adjusted value of the original cost.

The individual or household receives the essential benefits of private ownership (security, equity, and a legacy for the descendants).

The community is protected from the potential abuses of ownership (monopolization, absentee control, and speculation).

 

How it works

The CLT sells the home – but never the land.

The CLT sells the home to low-to-moderate income buyers.

The CLT sells the home at a price significantly below market value.

At resale, the homeowner gets a pre-determined percentage of the increase in market value.

A new low-to-moderate income buyer is able to purchase the same home without additional public or private grants or subsidies.

 

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