Definition
Nonprofit organization holding land while selling homes to residents, preserving affordable housing permanently.
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CLTs own land, separating it from home ownership. Homeowners purchase homes only, not land. Affordability is permanently preserved through deed restrictions. CLTs preserve neighborhood stability and prevent speculation. CLT model is growing for affordable preservation.
Pro Tip
CLT homes preserve affordability; understand land lease terms before purchase.
Example
Community land trust providing affordable homeownership while preserving permanent affordability.