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What is a Community Land Trust?
Community Land Trust, or CLT, is a nonprofit sustainable model for:
Community involvement & partnerships
Arts & Culture
Healthy lifestyles/ Community Gardens
Check out our Power Point Presentation to see the highlights and benefits!
Why A Community Land Trust?
A Community Land Trust is an effective model for promoting affordable homeownership, stabilizing neighborhoods and improving local economies.
A CLT owns property, rehabilitates buildings, then sells or leases buildings according to community goals, but the CLT retains ownership of the land beneath the buildings.
This allows the CLT to continue to have a relationship with homeowners and have an ongoing, stabilizing influence in a neighborhood. CLT stewardship promotes home maintenance & prevents foreclosure. In 2009, just 1.6% of CLT homes across the country went to foreclosure.
CLTs rely on government and other nonprofit partnerships to solve safety and code enforcement problems. While a CLT’s housing rehab activities will create local construction jobs, the Pottstown CLT will do more than housing. Because CLTs respond to the needs of their particular community, they can undertake a wide range of activities:
Own, lease & sell commercial property
Market properties to artists & sell properties at market rates
Create a job incubator