What is the National Community Land Trust Network?
The Network is a national nonprofit membership organization of community land trusts (CLT) and other organizations that promote strategic community development and permanently affordable housing to benefit lower income families throughout the United States. The Network supports our members by:
- Raising public awareness of CLTs and permanently affordable housing,
- Providing training, conferences, technical assistance, and capacity building resources for nonprofits and government organizations,
- Researching best practices, innovations, and outcomes of membership organizations,
- Promoting public policies and partnerships that enable growth and expansion, and
- Developing the industry to advance its impact on families and communities.
What is a community land trust (CLT)?
CLTs are nonprofit organizations—governed by a board of CLT residents, community residents and public representatives—that provide lasting community assets and permanently affordable housing opportunities for families and communities. CLTs develop rural and urban agriculture projects, commercial spaces to serve local communities, affordable rental and cooperative housing projects, and conserve land or urban green spaces. However, the heart of their work is the creation homes that remain permanently affordable, providing successful homeownership opportunities for generations of lower income families.
What is permanently affordable homeownership?
Permanently affordable homeownership programs invest public funding into a property in order to make home purchase affordable for a family of modest means. The organization supports the residents to attain and sustain homeownership. In return, the homeowner agrees to sell the home at resale-restricted and affordable price to another lower income homebuyer in the future. Consequently, the homeowner is able to successfully own a home and build wealth from the investment, while the organization is able to preserve the public’s investment in the affordable home permanently to help family after family.
Along with CLTs, some Community Development Corporations (CDCs), Community Development Financial Institutions (CDFIs), Habitat for Humanity affiliates, and government-based inclusionary zoning programs have permanently affordable homeownership programs.