Introducing Community Land Trusts

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Presentation transcript:

Introducing Community Land Trusts

Location, Location, Location

How a Community Land Trust Works Creates 501(c)3 organization Builds board - ⅔ of board made up of residents experiencing problem Acquires Land For West Side CLT, 28208, 28214, 28216, 28217 Builds or Renovates Housing Sells Housing with 99-year renewable Ground Lease

Why a Community Land Trust Works Creates local control for local solutions to local problems Builds the possibility of equitable development Permanent holding of land prevents speculation/disinvestment cycles Fixed equity in housing Creates authentically diverse neighborhoods

West Side Community Land Trust Formed December 2016 Made up of neighbors from affected neighborhoods, plus others Membership organization - you can join! westsideclt.org