Community Land Trust Keeps Prices Affordable—For Now And Forever

Community Land Trust Keeps Prices Affordable—For Now And Forever

Community land trusts have provided low-income residents with long-term, safe, affordable housing despite gentrification, soaring housing prices, and the massive wave of foreclosures. When the 2008 foreclosure crisis hit the United States, housing trusts had foreclosure rates 30 times lower than the national average, with rents 30 percent below market rate. Modeled after traditional land trusts used to preserve agricultural land or nature conservation area, community land trusts have proven over decades to be one of the most effective strategies to keep people in their communities at affordable prices.

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