This paper by Carla Robinson for the Lincoln Institute presents information about the treatment of shared-equity housing in five states: California; Massachusetts; New Jersey; New York; and Vermont. The findings suggest that restrictions placed on owner-occupied, shared-equity homes and the consideration of those restrictions in the valuation of the homes can be part of a comprehensive approach to develop and preserve affordable housing. [More]
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Homeownership has historically offered the best asset building strategy available to middle class american families. But homeownership has changed and is no longer available to many moderate income households. Local government programs that seek to make ownership affordable however frequently choose to limit the price that homeowners can sell for in order to preserve affordability for future buyers. But affordability protections are sometimes opposed by those who want to encourage homeowner wealth building. These debates are really about the very purpose of affordable homeownership programs. This 15 minute video presentation looks more closely at local affordable homeownership programs from the point of view of asset building. Can affordable ownership programs be seen as asset building strategies? How do they compare with traditional ownership? [More]
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Based on a review of three dozen municipal programs and in-depth interviews with local officials and CLT practitioners, this report describes the mechanisms and methods that cities across the country are using to structure their investment in CLT startups, projects, and operations. In addition to describing the full range of options for providing municipal support, the report highlights specific model practices for rendering that assistance. [More]
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Partnerships between Habitat for Humanity affiliates and community land trust are steadily increasing. This is the current listing of the 38 known CLT/Habitat relationships (in 17 states) - ranging from collaborations and joint ventures to traditional relationships where the Habitat... [More]
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This video produced by NCB Capital Impact and NeighborWorks America highlights local shared equity homeownership programs across the country that are providing wealth building homeownership opportunities while preserving affordability for future generations. [More]
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This collection of digital files available on CD-ROM is intended to provide tools to policymakers, organizers and activists who are working to create new community land trusts.
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The Conservative Party has launched an innovative new drive to extend home ownership by building on a model championed by Martin Luther King, and inspired by the Levellers of the English Civil War. And Shadow Housing Minister Michael Gove is to lead a special taskforce which will investigate how to extend the use of Community Land Trusts in order to halve housing costs for a new generation of first-time buyers. [More]
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The community land trust is a model of great versatility, leading to wide variation in the ways in which the CLT is structured and applied. Starting a Community Land Trust: Organizational and Operational Choices is an introductory manual prepared by John Emmeus Davis. It describes those decisions that matter the most in the early days of planning a CLT – choices that every sponsor of a new CLT must make. It presents the range of options for making each decision and reviews the pros and cons that should be weighed in selecting one course of action over another. These are choices of purpose, program, and scope that precede more technical deliberations over bylaws, ground lease, resale formula, and the like – topics covered elsewhere in publications like the CLT Legal Manual and the many materials posted by Burlington Associates on its CLT Resource Center. [More]
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The community land trust (CLT) is a model of great versatility, leading to wide variation in the ways in which the CLT is structured and applied. The key features of the “classic” CLT are described in the present chapter, along with the model’s most common variations. [More]
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The CLT’s ability to serve individual interests and community interests that are often in conflict is a key to understanding the model’s proliferation and appeal. Benefits do not accrue only to a fortunate few at the expense of the larger community – nor vice versa. Such a “balanced property arrangement” allows the CLT to be used in many different settings, addressing a variety of needs. The most common reasons for starting and supporting a CLT are reviewed in the present chapter. [More]
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Community land trusts have been started by grassroots activists, public officials, other nonprofit organizations, or private employers. Sponsorship, in this context, refers to the entity that provides the impetus for a new CLT and plays the leading role in getting it organized. [More]
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CLTs are place-based organizations. They develop their projects and draw their members from a community that is geographically defined. This service area may be small or large, urban or rural. It may encompass a single neighborhood, several neighborhoods, an entire city, an entire county, or, in a few cases, a multi-county region. This chapter considers the advantages and disadvantages of service areas of different sizes. [More]
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CLTs depend upon a broad base of political, financial, and professional support for the survival of their organizations and for the success of their unusual approach to land and housing. Building that base by systematically educating and recruiting key constituencies is one of the most important tasks facing a new CLT. [More]
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CLTs use a variety of development strategies to bring land and housing into their price-restricted domain of permanent affordability. Seven such options are described in the present chapter, followed by a consideration of outstanding issues that are raised by each. [More]
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CLTs make use of a variety of funding sources in supporting both their projects and their operations. The most common and lucrative of these sources are described in the present chapter, followed by a consideration of issues peculiar to CLTs with regard to project funding and operational funding. [More]
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