A 99-year ground lease between CLT and owner ensures owner-occupancy and responsible use and outlines fees paid to the CLT.

Land is owned by the Community Land Trust, which is governed by a non-profit board.

Buildings (residential or commercial) are owned by individuals. Because they pay only for the structure, and not the underlying land, purchasing the building is more affordable.

A resale formula built in to the ground lease is designed to keep homes affordable for subsequent buyers.

Community Land Trusts:How do they work?

Community Land Trusts (CLT’s): Growing Communities Without Displacement_________________________________________________________

Are a proven vehicle for the development and preservation of affordable housing (approximately 200 nationwide).

Create permanently affordable housing and protect and extend the impact of public subsidy.

Provide community control of development.

Balance between the multiple goals of asset-building for low and moderate-income families, preservation of affordable units over time, and the protection of neighborhood vitality.

CLT’s Reduce Foreclosure____________________________________________________Conventional homeowners are 8 times more likely to be in foreclosure than CLT homeowners.

Up from 2008 – 6 times more likely.

4.6% of traditional mortgages vs. 0.6% of CLT mortgages in foreclosure.

4.5% – 30.6% of traditional mortgages seriously delinquent vs. 1.6% of CLT mortgages

National CLT Network 2009 Foreclosure Study

CLT’s and the BeltLine: A smart way to develop____________________________________________________

Extends the impact of public investment.

Helps limit the impacts of gentrification.

Deepens the opportunity for community engagement.

Promotes neighborhood stability

Atlanta Land Trust Collaborative (ALTC):A new vision for CLT’s in Atlanta__________________________________________________

ALTC Goals:

Create a favorable climate for CLT development.

Nurture the formation of at least two neighborhood-based, resident-controlled CLTs within the next three years.

Perform the stewardship functions of a CLT in neighborhoods where the local capacity does not exist to carry out these functions.