The City-CLT Partnership: Municipal Support For Community Land Trusts
LINCOLN INSTITUTE OF LAND POLICY
1 June, 2008
The community land trust (CLT) movement is young but expanding rapidly. Nearly 20 community land trusts are started every year as either new nonprofits or as programs or subsidiaries of existing organizations. Fueling this proliferation is a dramatic increase in local government investment and involvement. Over the past decade, a growing number of cities and counties have chosen not only to support existing CLTs, but also to start new ones, actively guiding urban development and sponsoring affordable housing initiatives.
Two key policy needs are driving increased city and county interest in CLTs, particularly in jurisdictions that put a social priority on promoting homeownership for lower-income families and a fiscal priority on protecting the public’s investment in affordable housing.
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The City-CLT Partnership: Municipal Support For Community Land Trusts