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As an alternative, a community-owned store was organized and shares were sold to community residents. $500,000 was raised by about 600 residents who made an average investment of $800. The store, Saranac Lake Community Store, opened in October 29, 2011, in remodeled facilities in downtown Saranac Lake.
A community land trust or (CLT) is a nonprofit corporation that holds land on behalf of a place-based community, while serving as the long-term steward for affordable housing, community gardens, civic buildings, commercial spaces and other community assets on behalf of a community.
The community property concept originated in civil law jurisdictions but is now also found in some common law jurisdictions. U.S. states with community property laws draw primarily from the marital property laws under the civil law of France and Spain. [10] Division of community property may take place by item by splitting all items or by values.
Community Land Trusts are just one model of affordable housing being utilized across the United States. ... According to the Lincoln Institute of Land Policy, home ownership is the “most robust ...
In the United States, the land owned by the United States government and held in trust for Native American tribes and individuals is sometimes referred to as a land trust. In Australia, Aboriginal land trusts are a type of non-profit organisation that holds the freehold title to an area of land on behalf of a community of Aboriginal and/or ...
Communal land is a (mostly rural) territory in possession of a community, rather than an individual or company [citation needed].This sort of arrangement existed in almost all Europe until the 18th century, by which the king or the church officially owned the land, but allowed the peasants to work in them in exchange for a levy.
A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community) is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents.
This includes a description of the rights of common (e.g. a right to graze a certain number of sheep), the area of common over which the right is exercisable, the name of the holder of the right and whether the right is attached to land in the ownership of the holder of the right (the commoner) or is a right held in gross i.e. unattached to land.