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COMMUNITY LAND TRUSTS
SCHUMACHER SOCIETY - A Community Land Trust is a form of common land
ownership with a charter based on the principles of sustainable and
ecologically-sound stewardship and use. The land in a CLT is held in
trust by a democratically-governed non-profit corporation. Through an
inheritable and renewable long-term lease, the trust removes land from
the speculative market and [encourages] multiple uses such as affordable
housing, village improvement, commercial space, agriculture, recreation,
and open space preservation. Individual leaseholders own the buildings
and other improvements on the land created by their labor and
investment, but do not own the land itself. Resale agreements on the
buildings ensure that the land value of a site is not included in future
sales, but rather held in perpetuity on behalf of the regional
community.
The first community land trust was formed in 1967 in Albany, Georgia by
Robert Swann and Slater King, seeking a way to achieve secure access to
land for African American farmers. The movement has grown to include
over 200 community land trusts throughout the US and is widely
understood as the best model for developing permamently affordable
homeownership opportunities in regions of escalating land prices.
http://www.schumachersociety.org/clts.html
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COMMUNITY LAND TRUSTS
SCHUMACHER SOCIETY - A Community Land Trust is a form of common land
ownership with a charter based on the principles of sustainable and
ecologically-sound stewardship and use. The land in a CLT is held in
trust by a democratically-governed non-profit corporation. Through an
inheritable and renewable long-term lease, the trust removes land from
the speculative market and [encourages] multiple uses such as affordable
housing, village improvement, commercial space, agriculture, recreation,
and open space preservation. Individual leaseholders own the buildings
and other improvements on the land created by their labor and
investment, but do not own the land itself. Resale agreements on the
buildings ensure that the land value of a site is not included in future
sales, but rather held in perpetuity on behalf of the regional
community.
The first community land trust was formed in 1967 in Albany, Georgia by
Robert Swann and Slater King, seeking a way to achieve secure access to
land for African American farmers. The movement has grown to include
over 200 community land trusts throughout the US and is widely
understood as the best model for developing permamently affordable
homeownership opportunities in regions of escalating land prices.
http://www.schumachersociety.org/clts.html
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