EMILY THADEN, PH.D. NATIONAL CLT NETWORK BRENDA TORPY CHAMPLAIN HOUSING TRUST The State of CLTs in the U.S.

Roughly 250 U.S. CLTs

Exponential Growth of CLTs

Foreclosure filings on U.S. properties by year 1 in 45 housing units

We’re the solution to “hot market” problems % of Median Income needed for first purchase % of Median Income needed for subsequent purchases

We’re the solution to “cold market” problems

 Fewer clt start-ups after NSP  Less homeownership development after NSP  Shrinking public & private funding  Lack of access to home mortgages  Fewer mortgage-ready buyers  More in-trouble owners Consequences of the foreclosure crisis & Great Recession

 More rental development  More urban agriculture  More mergers & acquisitions  Needed organizational sustainability planning New solutions in response to new problems

PUBLIC AWARENESS CAPACITY BEST PRACTICES FUNDING GROWTH Ongoing challenges for CLTs

 Proactive, effective, and participatory policy engagement  Grow capacity of CLTs  Expansion-adoption approach for on-the- ground outcomes  Broader sector development & coordination around “permanently affordable housing”  Organize, brand, professionalize, and standardize the broader sector Future Directions (hoped by the Network)