What is a community land trust?
A Community Land Trust is a non-profit public benefit corporation that acquires and holds land for the benefit of local communities as a way to ensure perpetual affordability of homes and facilities for low-income community residents.
CLT residents are renters, coop members and homeowners. CLT homeowners and cooperatives own their homes and lease the land underneath it from the CLT. The 99-year land lease contains enforceable restrictions on future re-sale prices to ensure it remains affordable for future generations.
Affordable Housing and Community Facilities
NCLT sells affordable condominiums and single family homes; leases offices and homes to non-profit organizations, cooperatives and co-housing communities; and rents affordable apartments to low-, very-low and extremely low income households.
CLT Consultation and Training
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.
CLT Policy Advocacy
NCLT helps to expand the CLT movement by creating and participating in local, state and national CLT networks. Through these networks NCLT works to organize and educate in order to influence public policy.
Rental Units
73
CLT Homes
39
Amount of subsidies in CLT units
$1,150,403
Market value of subsidies
$13,228,313
ROI for CLT units