community land trusts
A community land trust (CLT) is a nonprofit organization that acquires and manages land for the benefit of a community. CLTs aim to provide affordable housing and promote sustainable development by separating the ownership of land from the ownership of buildings. This model helps keep housing costs low and ensures that the land remains available for community use.
In a CLT, the community retains control over the land, while individuals can buy or rent homes on that land. This approach helps prevent displacement and encourages long-term stability, making it a valuable tool for addressing issues like housing affordability and community development in areas facing economic challenges.