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Community Land Trusts Picking Up Momentum In Preserving Affordable Housing

The CLT model is somewhat different from the covenants most typically used to set aside housing as affordable. Covenants expire after a set period of time (typically decades), then formerly affordable housing becomes market-rate housing. In contrast, CLTs own the housing in perpetuity, keeping it permanently affordable.

Beverly-Vermont Community Land Trust Director of Land and Tenant Justice Kasey Ventura notes that, “Most if not all community land trusts require that residents of the community be part of the decision making process of the land trust” and those residents “make up part of the Board of Directors, thus really drive the direction of the work of the land trust, which can range from preserving housing, engaging in policy change, creating co-ops, and a wide variety of needs that neighborhoods identify.”

In late 2020, Supervisor Solis shepherded approval of a motion that funded up to $14 million for a pilot Community Land Trust Partnership Program. The motion directed the county to work with five CLTs – Fideicomiso Comunitario Tierra Libre, T.R.U.S.T South L.A., The Beverly-Vermont Community Land Trust, Liberty Community Land Trust, and El Sereno Community Land Trust (partnering with Community Development Corporations) – to acquire and/or rehabilitate at least one property in each Supervisorial District, and to maintain it as long-term affordable housing.

Read the rest at Streetsblog Los Angeles


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