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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 Trust is funded through a document tax at a rate of $0.45 for every $100.00 connected to the document. [34] Florida law Sections 201.02 and 201.031 authorizes counties to levy the surtax on documents that transfer interest on real property, with an exemption for single-family residences.
The city was able to negotiate an agreement with residents to disband the camps in exchange for the placement of 50 vacant homes in a community land trust, but it later went back on this promise. Nearly 50 residents were given rental assistance from the city to pay for private housing, and the city partnered with a private developer to build 12 ...
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In Kansas City or even Salina, 40 miles southeast of Lincoln, a builder who spends $150,000 to construct a new home can safely assume it will sell for far more than $150,000, ensuring a profit.
The rate on the popular U.S. 30-year fixed-rate mortgage will average around 6.0% next year and help to boost new housing construction and stimulate demand for previously owned… NBC Universal 2 ...
State trust land managers lease and sell these lands to generate revenue for current and future designated beneficiaries. Predominantly found in the western United States, 46 million acres of land are currently designated as trust lands and the proceeds from the lease and sale of these lands are distributed into a state's permanent fund and ...
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