A community land trust (CLT) is a private non-profit community organization that keeps the land safe in order to provide affordable housing opportunities. CLTs buy and hold land permanently which prevents market factor from causing prices to rise, the CLTS themselves build and sell affordably-priced homes to families with low incomes. The CLTs keep the price of the home down by separating the cost of the land from the cost of the house. The CLTs goal is to balance the needs of homeowners to build equity and gain stability in their lives with the needs of the community in mind to preserve affordable homeownership opportunities for the future generations.
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