Advancing Community Land Trusts Outpace Public Money Given to Fund Them
“As NPQ has noted, community land trusts help cities seeking to preserve housing affordability for low-income residents. With a community land trust, land is held in trust by a nonprofit, with a board that includes public, local government, and tenant representatives. The trust preserves affordability by removing its holdings from the private market, usually through 99-year ground leases and preemptive purchase requirements that limit how much the house can be sold for.”