CLTs: Long-term Solution to Affordable Housing


by Democracy Collaborative on Apr 7, 2014 | Views: 206 | Score: 2
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Democracy Collaborative
Democracy Collaborative on Mar 28, 2014 11:12 AM said:

CLTs allow prospective homeowners to buy homes outright while the CLT maintains ownership of the land. This allows the homeowners to build equity. Because the CLT retains ownership of the land, the housing remains permanently affordable for future owners even after the current owners sell. Because CLTs are affordable long-term, they are an efficient use of affordable housing subsidies.

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