A community land trust is a nonprofit, community-based organization that is designed to ensure community stewardship of land. It’s a form of permanently affordable housing in which a community-controlled organization retains ownership of the land and sells or rents the housing on that land to lower-income households.
Tag: community land trust
In the past decade, community land trusts and other shared equity housing models have gained wider acknowledgement and acceptance as a means of creating and preserving affordable housing in communities with high property values. But by cultivating the long-term success of homeowners, these models are also bringing revitalization and stability to areas with weak markets and high foreclosures.
The large, foreclosed HUD-subsidized building on Stamford's West Side had once housed over 60 families, but in 1993 stood vacant, a hulking eyesore with...