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Community Land Trusts: Affordable access to land and housing

Community Land Trusts: Affordable access to land and housing

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The Community Land Trust (CLT) is an increasingly important strategy for addressing affordability of land and housing for low- to moderate-income residents of communities throughout the United States. CLTs are generally non-governmental, nonprofit organizations which acquire land and hold it in trust for the benefit of the local community. They provide opportunities for residents below a certain income threshold to lease the land and buy or rent affordable housing, create community gardens, and/or practice sustainable agriculture and forestry.


The Community Land Trust (CLT) is an increasingly important strategy for addressing affordability of land and housing for low- to moderate-income residents of communities throughout the United States. CLTs are generally non-governmental, nonprofit organizations which acquire land and hold it in trust for the benefit of the local community. They provide opportunities for residents below a certain income threshold to lease the land and buy or rent affordable housing, create community gardens, and/or practice sustainable agriculture and forestry.


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03/26/2014

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(CDBG)

With the adoption of the Housing and
Community Development Act of 1973,
the Community Development Block Grant
(CDBG) program was established to provide
federal funding to state and local governments
to support afordable housing programs, and
provide Section 8 rental vouchers. Tese grants
proved to be a signifcant source of funding
for a number of young CLT’s who were able to
obtain low cost fnancing to develop afordable
housing stock in communities where local
governments were not interested in taking on
that responsibility.

In the early 1980’s, the Reagan administration
sharply cut federal funding for the Housing
and Urban Development Program, with
over $50 billion in expenditures in 1981
dropping nearly in half by 1982. Instead, the
administration promoted increased funding
for CDBG’s and other options for state and
local governments.

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