Introducing Community Land Trusts
CLTs reimagine the fundamental components of land and housing to offer a proven solution to common challenges we face in achieving a just transition: affordable housing, development that respects planetary boundaries and agency through the central participation of low-income residents.
CLTs are non-profit, democratic, community-led organisations. They develop and manage homes that are affordable to low and middle income households, as well as other assets that contribute to thriving local communities. They act as long-term stewards of these assets, ensuring they remain permanently affordable.
Community
Democratic and inclusive governance
CLTs are democratically governed ensuring a balance between community and individual interest. Many CLTs have a tripartite structure where three groups hold one-third of decision making power.
Land
Separate ownership of land and buildings
The land is owned collectively by the CLT. Residents buy or rent the building, it can also be run by a co-operative. This makes it affordable. Homes on CLT land are typically sold at about ⅓ of market rates.
Trust
Permanently affordable
CLTs legally commit never to sell the land. Homes stay affordable thanks to a formula which limits the resale price. This keeps the housing permanently affordable.
What are Community Land Trusts?
CLTs are non-profit, democratic, community-led organisations.
They develop and manage homes that are affordable to low and middle income households, as well as other assets that contribute to thriving local communities. They act as long-term stewards of these assets, ensuring they remain permanently affordable.
