Emily thaden am flexibitiy of clt model
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Flexibility of the Community Land Trust Model for Comprehensive Community Development Emily Thaden, Ph.D. Research & Policy National CLT Network
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Transcript of Emily thaden am flexibitiy of clt model
Flexibility of the Community Land Trust Model for
Comprehensive Community Development
Emily Thaden, Ph.D.Research & Policy
National CLT Network
What is a Community Land Trust? A CLT owns and stewards land permanently for
the common good, by providing: Affordable housing Commercial spaces Community services Farming or open land
The CLT Model
How are CLT organizations structured?
Generally, a non-profit organization: Community-based Membership organization Tri-partite governance Defined service area Sustainable steward
The CLT Model
The CLT Model
Individual owns improvements (home) & leasehold right
Community Land Trust owns land
Dual Ownership
The CLT Model
Ground Lease ties improvements & land together
Dual Ownership
How is permanent affordability structured?
The CLT Model
The CLT Model
Small business or cooperative owns improvements (building) & leasehold right
Community Land Trust owns land
Dual Ownership
The CLT Model
Ground Lease ties improvements & land together
Dual Ownership
The CLT Model
Exceptions to Dual Ownership
Rentals
Deed-restricted properties (condominiums frequently)
Land with conservation easements
The CLT Mission
Community control of land
Stewardship
Resident betterment
Permanently affordable assets
Residential
Sustainable Building
Non-residential
Sustainable Communities
CLT Flexibility
Residential
Development Considerations
Ownership arrangement
Governance options
Wealth-building?
Population-based?
Residential
Ownership Options
Fee simple homeownership
Shared equity homeownership • Limited equity cooperatives • Homes on land in trust• Deed-restricted condominiums
Rental/no ownership
Residential
Governance Options
CLT governance• Membership organization?• Tripartite board structure?
Property-based governance• Non-profit homeowner association
(cooperatives, condominiums, co-housing, subdivisions)
• Resident-run property management (some rentals)
Residential
Resident Wealth-building Options
Fee Simple Homeownership: Owner wealth = down payment + principal paid on mortgage + appreciation
Shared Equity Homeownership: Owner wealth= down payment + principal paid on mortgage + portion of appreciation
Limited Equity Cooperative Ownership:Owner wealth= initial cost of share + portion of equity or increased value of share
Renter Equity: Owner wealth = cashable credits for sweat equity or Individual Development Accounts/matched savings
Residential
Shared Equity: Single & Multi-family homesDurham, NC Senior Homes, Chapel Hill
NC
Seattle, WA Nashville, TN
Residential
Shared Equity: Limited Equity CooperativesSan Francisco, CA
Burlington, VT
New York City, NY
Residential
Shared Equity: Co-housingWoolsey Corner, New Columbia, OR
Intentional Community Condominiums, San Francisco, CA
Troy Gardens, Madison, WI
Residential
RentalsSenior & Low Income Rentals, Albuquerque, NM
Renter Equity Housing, Cincinnati, OH
Residential
Sustainable Building
Non-residential
Sustainable Communities
CLT Flexibility
Non-Residential
Development Options
Land conservation & Parks
Agriculture & Urban Agriculture
Commercial spaces
Non-Residential
Land Conservation1,100 acresAthens, GA
Playground & Park, Albuquerque, NM
Non-Residential
AgricultureRoots of the CLT in Albany , GA
Non-Residential
Urban AgricultureAthens, GA
Non-Residential
Urban AgricultureCommercial Greenhouse, Boston, MA Community Garden,
Madison, WI
Mobile Meat Processing, Lopez Island, WA
Non-Residential
Commercial DevelopmentAnchorage, AL
Durham, NC
Residential
Sustainable Building
Non-residential
Sustainable Communities
CLT Flexibility
Sustainable Building
Development ConsiderationsGreen Framework Most permanent to least…• Site• Structure• Skin• Services• Space • Stuff
Green Issues • Health and Safety• Durability• Energy• Affordability• Marketability
Sustainable Building
Lincoln City, OR Solar Panels, Durham, NC
Portland, OR
Sustainable Building
Net Zero Co-housing Cooperatives, Lopez Island, WA
Residential
Sustainable Building
Non-residential
Sustainable Communities
CLT Flexibility
Development Considerations
Natural & Built Environment Balance
Neighborhood Needs (residential & non-residential)
Revitalization not Resident Displacement
Smart Growth/Equitable Transit-Oriented Development
Sustainable Communities
Sustainable Communities
Troy Gardens, Madison, WI
Ecovillage
Sustainable Communities
CSA Farm
Co-HousingCommunity Gardens
PreservedPrairie
Sustainable Communities
Neighborhood RevitalizationBurlington, VT
Sustainable Communities
Equitable Transit-oriented DevelopmentUrban Land Conservancy, Denver, CO
The CLT Mission
Community control of land
Permanently affordable assets
Stewardship
Resident betterment
