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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.
It ruled that if a land trust was set up with some minor duty on the trustee (such as to deed the property to the beneficiaries 20 years later), then the trust would not be considered passive and would be valid. Thus, the land trust in America today is often called an "Illinois-type" land trust or "Illinois Land Trust". [2]
At left, a single-family home on St. Louis Boulevard was the first sold through the community land trust established by the Northeast Neighborhood Revitalization Organization. Appraised at ...
The community land trust model already has begun expanding across St. Lucie County, Tasca said. She pointed to Habitat for Humanity of St. Lucie County, which recently adopted it for the homes it ...
The property changed hands in 1979, with Zacky Farms owning and operating it until 2012. ... Kiel Lopez-Schmidt, executive director of the South Tower Community Land Trust, proposes Producers ...
The Douglass Community Land Trust (DCLT) is a land trust to create community-based affordable housing effort in Washington, D.C., was incorporated in September 2019 in conjunction with the proposed 11th Street Bridge Park development along the Anacostia River.
Kulshan Community Land Trust’s primary focus is to develop permanently affordable homes for first-time home buyers in Whatcom County by leveraging state, federal and local funding to support the ...
On March 21, 2004, the Brooklyn Queens Land Trust was chartered and incorporated as a 501(c)(3) organization to manage 34 gardens, 29 in Brooklyn and 5 in Queens, with a plan to own those gardens. [ 1 ] [ 4 ] The Manhattan Land Trust and the Bronx Land Trust were chartered at the same time.