The State of CLTs in the U.S.
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EMILY THADEN, PH.D. NATIONAL CLT NETWORK BRENDA TORPY CHAMPLAIN HOUSING TRUST The State of CLTs in the U.S.
description
The State of CLTs in the U.S. Emily Thaden, ph.d. National CLT Network Brenda Torpy Champlain housing trust. Roughly 250 U.S. CLTs. Exponential Growth of CLTs. Foreclosure filings on U.S. properties by year. 1 in 45 housing units. 1 in 45 housing units. - PowerPoint PPT Presentation
Transcript of The State of CLTs in the U.S.
E M I LY T H A D E N, P H .D.NAT I ON A L C LT N E T W OR K
B R E ND A T O R P YC H A M P LA I N H O U S I N G T R U S T
The State of CLTs in the U.S.
Roughly 250 U.S. CLTs
Exponential Growth of CLTs
1970-74 1975-79 1980-84 1985-89 1990-94 1995-99 2000-04 2005-09 2010-130
20
40
60
80
100
120
140
160
180
200
220
240
260
Foreclosure filings on U.S. properties by year
1 in 45 housing units
1 in 45 housing units
We’re the solution to “hot market” problems
% of Median Income needed for first purchase
% of Median Income needed for subsequent purchases
We’re the solution to “cold market” problems
Fewer clt start-ups after NSP Less homeownership development after
NSP Shrinking public & private funding Lack of access to home mortgages Fewer mortgage-ready buyers More in-trouble owners
Consequences of the foreclosure crisis & Great Recession
More rental development More urban agriculture More mergers & acquisitions Needed organizational sustainability
planning
New solutions in response to new problems
PUBLIC AWARENESS
CAPACITY
BEST PRACTICES
FUNDING
GROWTH
Ongoing challenges for CLTs
Proactive, effective, and participatory policy engagement
Grow capacity of CLTs Expansion-adoption approach for on-the-
ground outcomes Broader sector development & coordination
around “permanently affordable housing” Organize, brand, professionalize, and
standardize the broader sector
Future Directions (hoped by the Network)
