Cities Support Community Land Trusts to Protect Affordable Housing | app

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As housing prices soar in neighborhoods across the country, some state lawmakers and local officials are turning to a decades-old model to keep housing affordable: community land trusts.

Known as CLTs, Community Land Trusts are primarily non-profit organizations that operate in a specific neighborhood facing development pressure. They acquire and own land while selling houses that are on the property or renting apartments and commercial premises. The permanent ownership of trusts prevents the land from being taken over by developers and converted into high-priced housing.

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