A Community Land Trust (CLT) provides affordable housing and facilities for low-income residents and community benefit. CLT residents are renters, coop members and homeowners. CLT homeowners and cooperatives own their homes, but lease the land underneath it from the CLT. The land lease contains restrictions on future sale prices, ensuring affordability for future generations.
NCLT’s consultation and training services include assisting potential new and existing housing organizations such as tenant-initiated co-ops, emerging CLTs, and other groups wanting to create or expand permanently affordable housing & community facilities.
Keeping prices low enables people to save more and worry less. Our land trust model helps this become a reality. Lowering the barrier to home ownership is the heart of what we do.
NCLT also works with many philanthropic organizations that understand the benefits of affordable housing. Thanks to their donations, subsidies are another crucial part of fulfilling our goals.
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