Definitions for "Community Land Trust" Add To Word List
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a counter-institution formed to act against the displacement and loss of affordability of housing, caused by speculative profiteering in real estate
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a democratically structured, community based non-profit corporation, designed to strike a fair balance between individual and community interests
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a democratically structured non profit organization with an open membership and an elected board of trustees
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a democratic community membership organization that develops resident-controlled, permanently affordable housing
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a form of common land ownership with a charter based on the principles of sustainable and ecologically sound stewardship and use
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a nonprofit, community-based organization that works to provide permanently affordable homeownership opportunities
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an organization created to hold land for the benefit of a community and of individuals within the community
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a private non-profit corporation created to acquire and hold land for the benefit of a community and provide secure affordable access to land and housing for community residents
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a private, non-profit organization whose goal is to acquire and hold land for the benefit of the community and to provide secure affordable access to land and housing for community residents
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a tool that separates the land from the appreciation of the housing above
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A means of restricting use of land and housing through not-for-profit ownership of land with leases to the land users. It is often used to protect low-income housing from speculation.
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(CLT) A private non-profit corporation that acquires and holds land in perpetuity to be developed for specific community uses, primarily affordable housing. CLTs control the terms of sale of all properties and improvements on the land to maintain long-term interests, while allowing leaseholders to retain general ownership rights of their properties. CLTs are run by local residents, including leaseholders on CLT-owned land.
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